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Boldrin, Michele - 2005

fertility. What type of model is consistent with this finding? We explore this question using two models of fertility, the one … them with old age transfers. The effect of increases in government provided pensions on fertility in the Barro and Becker … model is very small, and inconsistent with the empirical findings. The effect on fertility in the Boldrin and Jones model is …

Persistent link: https://www.econbiz.de/10012467539

The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security

Abel, Andrew B. - 2002

Is the stock market boom a result of the baby boom? This paper develops an overlapping generations model in which a baby boom is modeled as a high realization of a random birth rate, and the price of capital is determined endogenously by a convex cost of adjustment. A baby boom increases...

Persistent link: https://www.econbiz.de/10012469499

Social security investment in equities

Diamond, Peter A.; Geanakoplos, John - 1999

Persistent link: https://www.econbiz.de/10001388786

Social Security Incentives for Retirement

Coile, Courtney - 2000

We present a detailed analysis of the incentives that Social Security provides for continued work at older ages. We do so using information on older males from the Health and Retirement Study over the 1980-1997 period to calculate the changes in the present discounted value of Social Security...

Persistent link: https://www.econbiz.de/10012471116

New Trends in Pension Benefit and Retirement Provisions

Mitchell, Olivia - 1999

This study illustrates and interprets changes in pension plan retirement formulas and benefit provisions over the last two decades, using extensive information on private sector pension plans gathered by the U.S. Department of Labor since 1980. Data generated from the Employee Benefits Survey...

Persistent link: https://www.econbiz.de/10012471403

Social Security Investment in Equities I : Linear Case

Diamond, Peter - 1999

Social Security trust fund portfolio diversification to include some equities reduces the equity premium by raising the safe real interest rate. This requires changes in taxes. Under the hypothesis of constant marginal returns to risky investments, trust fund diversification lowers the price of...

Persistent link: https://www.econbiz.de/10012471696

Maintaining Social Security Benefits and Tax Rates through Personal Retirement Accounts : An Update Based on the 1998 Social Security Trustees Report

Feldstein, Martin - 1999

A program of Personal Retirement Accounts (PRAs) funded by deposits equal to 2.3 percent of earnings (up to the Social Security maximum) would permit retirees to receive more income in retirement than with the current Social Security program while at the same time making it unnecessary to...

Persistent link: https://www.econbiz.de/10012471812

The Economic Burden of Pension Shortfalls : Evidence from House Prices

Aiello, Darren; Bernstein, Asaf; Kargar, Mahyar; Lewis, Ryan - National Bureau of Economic Research - 2021

U.S. state pensions are underfunded by trillions of dollars, but their economic burden is unclear. In a model of inefficient taxation, real estate fully reflects the cost of pension shortfalls when it is the only form of immobile capital. We study the effect of pension shortfalls on real estate...

Persistent link: https://www.econbiz.de/10012660083

The Effect of Changes in Social Security's Delayed Retirement Credit : Evidence from Administrative Data

Duggan, Mark G.; Dushi, Irena; Jeong, Sookyo; Li, Gina - National Bureau of Economic Research - 2021

The delayed retirement credit (DRC) increases monthly OASI (Old Age and Survivors Insurance) benefits for primary beneficiaries who claim after their full retirement age (FRA). For many years, the DRC was set at 3.0 percent per year (0.25 percent monthly). The 1983 amendments to Social Security...

Persistent link: https://www.econbiz.de/10012585403

Defined Benefit versus Defined Contribution Pension Plans : What are the Real Tradeoffs?

Bodie, Zvi - 1985

Defined Benefit and Defined Contribution plans have significantly different characteristics with respect to the risks faced by employers and employees, the sensitivity of benefits to inflation, the flexibility of funding, and the importance of governmental supervision. In this paper, we examine...

Persistent link: https://www.econbiz.de/10012477360

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