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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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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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Pension Reform, Incentives to Retire and Retirement Behavior : Empirical Evidence from Swedish Micro-data
Laun, Lisa; Palme, Mårten - National Bureau of Economic Research - 2023
containing all males and females born in Sweden between 1927 and 1950 and observe their retirement behavior during 1991-2012. The … effect towards later retirement through lower replacement levels, it also implied a lower price on leaving the labor market … measured by Social Security Wealth, defined at each hypothetical retirement age, and a variable measuring the implicit tax …
Persistent link: https://www.econbiz.de/10014421225
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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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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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Frames, Incentives, and Education : Effectiveness of Interventions to Delay Public Pension Claiming
Glenzer, Franca; Michaud, Pierre-Carl; Staubli, Stefan - National Bureau of Economic Research - 2023
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
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Social Security Reforms and the Changing Retirement Behavior in Sweden
Palme, Mårten - 2018
We show how the economic incentives to remain in the labor force induced by Sweden's public old-age pension system and disability insurance program have changed between 1980 and 2015. Based on earnings histories for different hypothetical individuals corresponding to groups by gender and...
Persistent link: https://www.econbiz.de/10012481041
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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 … reduce retirements at age 62 by roughly 4 percentage points, mitigating an 8.7 percentage point trend to earlier retirement …
Persistent link: https://www.econbiz.de/10012468668
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Trends in Male Labor Force Participation And Retirement : Some Evidence On The Role Of Pensions And Social Security In The 1970's And 1980's
Anderson, Patricia M. - 1997
This paper estimates the effects on steady state retirement by men of changes in pension" plans and social security in … from the 1969-79 Retirement History" Study and the 1983 and 1989 Surveys of Consumer Finances. Simulations with a … structural" retirement model suggest that the long run effects of changes in pension plans and social security" account for about …
Persistent link: https://www.econbiz.de/10012472602
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Labor Supply and the Pension-Contribution Link
French, Eric; Lindner, Attila; O'Dea, Cormac; Zawisza, … - National Bureau of Economic Research - 2022
We estimate the impact of public pension systems on labor supply far from the normal retirement age by exploiting …
Persistent link: https://www.econbiz.de/10013334402