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Some contend the US labor market will fail to adapt smoothly to an aging workforce, whereas others argue that employee pensions can and will play an important role in helping companies induce desired turnover patterns. This paper undertakes a longitudinal examination of pension retirement...
Persistent link: https://www.econbiz.de/10012475962
contribution. Employees can also make tax-deferred contributions to a supplemental savings account. A standard lifecycle savings …In this paper we document the importance of framing effects in the retirement savings decisions of college professors … model predicts a "dollar-for-dollar" tradeoff between supplemental savings and the combined regular pension contributions …
Persistent link: https://www.econbiz.de/10012465376
-pension wealth holdings, (ii) defined contribution (DC) pension holdings, (iii) actual or expected defined benefit (DB) pension …
Persistent link: https://www.econbiz.de/10014337766
Together, pensions, social security and health insurance account for half of the wealth held by all households in the … Health and Retirement Study (HRS), for 60 percent of total wealth of HRS households who are in the 45th to 55th wealth … percentiles, and even for 48 percent of wealth for those in the 90th to 95th wealth percentiles. The HRS surveys households aged …
Persistent link: https://www.econbiz.de/10012472912
benefits on private savings. The Retirement History Survey combines survey evidence on the wealth of couples in their early … extended life cycle model as a theory of asset accumulation and indicate a substantial substitution of social security wealth … for private wealth accumulation …
Persistent link: https://www.econbiz.de/10012478660
Wealth inequality in the US is high and rising, but Social Security is generally not considered in those wealth … measures. Social Security Wealth (SSW) is the present value of future benefits that an individual will receive less the present …-panel approach to empirically demonstrate those lifecycle patterns. We also show that including SSW in a comprehensive wealth measure …
Persistent link: https://www.econbiz.de/10012481693
a simple life cycle explanation for savings. They also raise questions about whether pensions are fundamentally a tax …This paper examines the composition and distribution of total wealth for a cohort of 51 to 61 year olds from the Health … and Retirement Study (HRS), and the role of pensions in forming retirement wealth. Pension coverage is widespread …
Persistent link: https://www.econbiz.de/10012472131
This paper studies cost of living adjustments in pensions from the perspective of labor economics. Evidence from longitudinal data on pension and annuity incomes of retirees suggests that pension COLAs are less important in the 1980s than in the 1970s, but that through 1987 they continued to...
Persistent link: https://www.econbiz.de/10012475079
Retirement Survey to examine the distribution of pension wealth in relation to other private wealth. We pay particular attention … differences by sex but are still significant. We find further that pension wealth is slightly more equally distributed than is … other private wealth, however, adding pension wealth to net worth has only small effects on overall inequality, and these …
Persistent link: https://www.econbiz.de/10012472643
used to impose one of the world's highest marginal tax rates on wealth, but this tax was drastically reduced and ultimately … abolished between 1989 and 1997. Due to the specific design of the wealth tax, these changes provide a compelling quasi …Using administrative wealth records from Denmark, we study the effects of wealth taxes on wealth accumulation. Denmark …
Persistent link: https://www.econbiz.de/10012453343