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about the recipient's permanent income. The empirical work uses data from the Health and Retirement Survey and the Asset and …
Persistent link: https://www.econbiz.de/10012472471
This paper explores the value of purchasing joint life annuities for married couples. It describes the existing market for joint life annuities, and summarizes the range of annuity products that are currently available to couples. It then considers the value that married couples would place on...
Persistent link: https://www.econbiz.de/10012471589
may not otherwise be available. Within the family there is a degree of trust and a level of information which alleviates … families can provide insurance against uncertain dates of death. Death risk sharing family arrangements effectively constitute … in annuities, these risk sharing arrangements provide powerful economic incentives for marriage and family formation. The …
Persistent link: https://www.econbiz.de/10012478786
If the expenditure of resources in childhood affects the outcomes in adulthood, the adult distribution of education and incomes will depend at least partially on investments made in childhood. There is considerable variation in the amount of parental inputs children of various socio-economic...
Persistent link: https://www.econbiz.de/10012479045
Using data from the Health and Retirement Study (HRS), we make two contributions to the literature on end …
Persistent link: https://www.econbiz.de/10012456978
dataset covering the retirement saving contributions of over a million U.S. individuals. While a vast literature has failed to … reject household efficiency in developed countries, we find evidence of widespread inefficiency in our setting: retirement …
Persistent link: https://www.econbiz.de/10014250212
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 based on panel data from the Health and Retirement Study covering the …
Persistent link: https://www.econbiz.de/10012468388
The typical family in the US is now a dual-earner couple, yet relatively few studies examine the retirement decision in … a household context. This paper explores how husbands' and wives' retirement behavior is influenced by their own …
Persistent link: https://www.econbiz.de/10012469206
A structural econometric model of retirement of married couples is specified and estimated with recent panel data from … spouse, and perhaps husbands in particular, values retirement more once their spouse has retired. The opportunity set … accounts for peaks in the retirement hazards of each spouse, but coordination in opportunities is not responsible for …
Persistent link: https://www.econbiz.de/10012474305
give an explanation of the findings. Similarity of retirement dates could be caused by similarity of tastes (assortative … the response of retirement to policy changes. Both simple data analysis and economic models of the age of retirement point … to coordination of retirement dates: husbands and wives tend to retire at the same time. According to the results, very …
Persistent link: https://www.econbiz.de/10012476255