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Effects of Pensions on Saving : Analysis with Data from the Health and Retirement Study

Gustman, Alan L. - 1998

a simple life cycle explanation for savings. They also raise questions about whether pensions are fundamentally a tax … and Retirement Study (HRS), and the role of pensions in forming retirement wealth. Pension coverage is widespread … those with pensions than for those without pensions. Multivariate regressions relating total wealth to pension coverage and …

Persistent link: https://www.econbiz.de/10012472131

Personal Accounts and Family Retirement

Gustman, Alan L. - 2004

This paper constructs a model of retirement and saving by two earner couples. The model includes three dimensions of behavior: the joint determination of retirement and saving; heterogeneity in time preference; and the interdependence of retirement decisions of husbands and wives. Estimation is...

Persistent link: https://www.econbiz.de/10012468388

Retirement and Wealth

Gustman, Alan L. - 2001

of pensions and social security that better reflects the accrual of benefits under defined contribution plans. We also …

Persistent link: https://www.econbiz.de/10012470495

Effects of Social Security Policies on Benefit Claiming, Retirement and Saving

Gustman, Alan L. - 2013

An enhanced version of a structural model jointly explains benefit claiming, wealth and retirement, including reversals from states of lesser to greater work. The model includes stochastic returns on assets. Estimated with Health and Retirement Study data, it does a better job of predicting...

Persistent link: https://www.econbiz.de/10012459590

Imperfect Knowledge, Retirement and Saving

Gustman, Alan L. - 2001

security are the least well informed about their social security benefits, while those who are most dependent on pensions are …

Persistent link: https://www.econbiz.de/10012470312

Imperfect Knowledge of Pension Plan Type

Gustman, Alan L. - 2007

This paper investigates the reasons for discrepancies between the pension plan type reported by respondents to the Health and Retirement Study (HRS) and pension plan type obtained from documents produced by their employers, called Summary Plan Descriptions (SPDs). The analysis suggests the...

Persistent link: https://www.econbiz.de/10012465271

Retirement and the Stock Market Bubble

Gustman, Alan L. - 2002

This paper specifies and estimates a structural dynamic stochastic model of the way individuals make retirement and saving choices in an uncertain world, and applies that model to analyze the effects of the stock market bubble on retirement behavior. The model includes individual variation both...

Persistent link: https://www.econbiz.de/10012469299

Retirement Effects of Proposals by the President's Commision to Strengthen Social Security

Gustman, Alan L. - 2003

A structural dynamic model of retirement and saving is used to simulate the retirement effects of proposals made by the President's Commission to Strengthen Social Security. Provisions reducing the growth in real benefits and increasing actuarial incentives to work reduce retirements. They more...

Persistent link: https://www.econbiz.de/10012468668

Social Security, Pensions and Retirement Behavior Within the Family

Gustman, Alan L. - 2002

This paper estimates a structural model of family retirement using U.S. data from the Health and Retirement Study (HRS) and from the National Longitudinal Survey of Mature Women. Estimates using the HRS benefit from having, for each spouse, earnings histories provided by the respondent and the...

Persistent link: https://www.econbiz.de/10012469943

Social Security Benefits of Immigrants and U.S. Born

Gustman, Alan L. - 1998

For each year of work under the Social Security System, immigrants realize higher benefits than U.S. born, even when their earnings are identical in all years the immigrant has been in the U.S.. Two features of the social security benefit calculation are responsible: the social security benefit...

Persistent link: https://www.econbiz.de/10012472327