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We consider the retirement behavior of civilian employees of the United States government. Unlike previous studies … the financial aspects of individual retirement decisions with a reasonable degree of precision. A large fraction of civil … the expected wait until the pension commences affect the timing of retirement from the Federal service. (2) The rate of …
Persistent link: https://www.econbiz.de/10012478313
China's distinctive demographic landscape, early retirement policies, and deeply ingrained gender norms provide a … unique backdrop for investigating gender disparities in retirement and subjective well-being. Drawing upon data from the … China Family Panel Studies and leveraging the variation around the pensionable age cutoff, we find substantial increases in …
Persistent link: https://www.econbiz.de/10014421205
I analyze the effects of state public pension parameters on the retirement of public employees. Using a panel data set … of public sector workers from 12 waves of the Health and Retirement Study, I model the probability of retirement as a … function of pension wealth at early and normal retirement eligibility and Social Security coverage in the public sector job. I …
Persistent link: https://www.econbiz.de/10012479392
In order to arrive at a fair comparison between countries regarding the fiscal burden of their DB public sector pension plans, this paper gathers more evidence on public sector pension plans regarding the type of pension promise and quantifies the future tax burden related to these pension...
Persistent link: https://www.econbiz.de/10012461575
Choices regarding the disposition of wealth at retirement can have substantial implications for retirement income … find that these groups of retirees report very different levels of well-being in retirement …
Persistent link: https://www.econbiz.de/10012480781
, older ages at retirement, and more years of service are associated with a greater probability of choosing a J&S annuity. We …
Persistent link: https://www.econbiz.de/10014576660
Many people forgo a higher stream of public pension income by claiming early. We provide both quasi-experimental and survey-experimental evidence that the timing of public pension claiming is relatively inelastic to changes in financial incentives in Canada. Using the survey experiment, we...
Persistent link: https://www.econbiz.de/10014226135
How accurate are older people's expectations about their future Social Security benefits? Using panel data from the … Health and Retirement Study, we compare respondents' observed Social Security claiming ages and benefits with subjective …
Persistent link: https://www.econbiz.de/10014247944
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
This paper evaluates a new variant of the popular target date funds used in employer-based retirement savings plans. We … call this new variant a "target retirement plan." Instead of increasing the allocation to bond funds as retirement … approaches, a target retirement fund gradually purchases deferred life annuities beginning at age 50. In the particular straw …
Persistent link: https://www.econbiz.de/10013537711