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Do Older Adults Accurately Forecast Their Social Security Benefits?
Seiter, Grant M.; Slavov, Sita N. - National Bureau of Economic Research - 2023
Health and Retirement Study, we compare respondents' observed Social Security claiming ages and benefits with subjective …
Persistent link: https://www.econbiz.de/10014247944
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Do the Retired Elderly in Europe Decumulate Their Wealth? The Importance of Bequest Motives, Precautionary Saving, Public Pensions, and Homeownership
Horioka, Charles; Ventura, Luigi - National Bureau of Economic Research - 2022
Retirement in Europe (SHARE) to examine the wealth accumulation (saving) behavior of the retired elderly in Europe. To summarize … period). These findings strongly suggest that the Wealth Decumulation (or Retirement Saving) Puzzle (the tendency of the …
Persistent link: https://www.econbiz.de/10013388826
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Quantifying and Explaining the Decline in Public-School Teacher Retirement Benefits
Abashidze, Nino; Clark, Robert L.; Craig, Lee A. - National Bureau of Economic Research - 2022
In recent decades, many states have reduced future retirement benefits for newly hired teachers. We estimate that in … 2020 the average initial monthly retirement benefit, for teachers retiring with 30 years of service, is 11.2 percent lower …
Persistent link: https://www.econbiz.de/10013388828
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Public Pension Reforms and Retirement Decisions : Narrative Evidence and Aggregate Implications
Bi, Huixin; Zubairy, Sarah - National Bureau of Economic Research - 2022
. In response to pension retrenchments implemented immediately, people close to retirement stay in the work force longer …
Persistent link: https://www.econbiz.de/10013334383
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Two Decades of Social Security Claiming
Slavov, Sita N. - National Bureau of Economic Research - 2023
much more attractive thanks to three factors: a more generous delayed retirement credit, improvements in mortality, and …
Persistent link: https://www.econbiz.de/10013537737
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Communicating Social Security Reform
Caplin, Andrew; Lee, Eungik; Leth-Petersen, Søren; … - National Bureau of Economic Research - 2022
Despite its centrality in monetary policy, communication is not a focus in social security reform. We investigate the potential for active communication to dissipate apparently widespread public confusion about the future of social security. We implement a simple information treatment in which...
Persistent link: https://www.econbiz.de/10013462693
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The Welfare Economics of Reference Dependence
Reck, Daniel; Seibold, Arthur - National Bureau of Economic Research - 2023
workers' retirement decisions. We find positive social welfare effects of increasing the Normal Retirement Age, but ambiguous … effects of financial incentives to postpone retirement …
Persistent link: https://www.econbiz.de/10014322769
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Relationship between Social Security Programs and Elderly Employment in Japan
Oshio, Takashi; Shimizutani, Satoshi; Oishi, Akiko Sato - National Bureau of Economic Research - 2023
social security reforms. We further estimated the association of ITAX with an individual's decisions concerning retirement … forms on retirement based on the estimated regression parameters. The results showed that a higher ITAX drove individuals …
Persistent link: https://www.econbiz.de/10014322857
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The Effects of Social Security Incentives on Retirement in Spain
García Gómez, Pilar; Garcia Mandico, Silvia; … - National Bureau of Economic Research - 2023
In this paper, we analyze the extent to what financial incentives have influenced individual and couples retirement … identification. We find that retirement is highly responsive to incentive variables (both ITAX and SSW). We find that a 10% change in ….54 for women). Furthermore, we find that couple incentives matter more in husband's retirement decisions than in wife …
Persistent link: https://www.econbiz.de/10014447277
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The Impact of Lump-Sum Retirement Withdrawals on Labor Supply : Evidence from Peru
Moreno, Carla; Slavov, Sita N. - National Bureau of Economic Research - 2024
We examine the labor supply impact of a 2016 policy that allows retirement-eligible individuals covered by Peru …'s private pension system to receive retirement benefits as a lump sum rather than as an annuity. We present a theoretical model …) more attractive relative to informal employment (not requiring pension participation); it also encourages early retirement …
Persistent link: https://www.econbiz.de/10014528419