Similar Search Results

Social security and the interactions between aggregate and idiosyncratic risk

Harenberg, Daniel; Ludwig, Alexander - 2014 - This Version: July 9, 2014

We ask whether a PAYG-financed social security system is welfare improving in an economy with idiosyncratic and aggregate risk. We argue that interactions between the two risks are important for this question. One is a direct interaction in the form of a countercyclical variance of idiosyncratic...

Persistent link: https://www.econbiz.de/10010374428

How would 401(k) "Rothification" alter saving, retirement security, and inequality?

Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2022

Many nations incentivize retirement saving by letting workers defer taxes on pension contributions, imposing them when retirees withdraw their funds. Using a dynamic life cycle model, we show how 'Rothification' - that is, taxing 401(k) contributions rather than payouts - alters saving,...

Persistent link: https://www.econbiz.de/10013464027

Idiosyncratic risk, aggregate risk, and the welfare effects of social security

Harenberg, Daniel; Ludwig, Alexander - 2017 - This Version: December 1, 2017

We ask whether a pay-as-you-go financed social security system is welfare improving in an economy with idiosyncratic productivity and aggregate business cycle risk. We show analytically that the whole welfare benefit from joint insurance against both risks is greater than the sum of benefits...

Persistent link: https://www.econbiz.de/10012061567

Optimal social security claiming behavior under lump sum incentives : theory and evidence

Maurer, Raimond; Mitchell, Olivia S.; Rogalla, Ralph; … - 2017 - Version of January 31, 2017

People who delay claiming Social Security receive higher lifelong benefits upon retirement. We survey individuals on their willingness to delay claiming later, if they could receive a lump sum in lieu of a higher annuity payment. Using a moment-matching approach, we calibrate a lifecycle model...

Persistent link: https://www.econbiz.de/10012062081

Endogenous retirement behavior of heterogeneous households under pension reforms

Börsch-Supan, Axel; Härtl, Klaus; Leite, Duarte; … - 2018 - This draft: 25 April 2018

We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and macroeconomic indicators in the face of demographic change. A rich overlapping generations (OLG) model is built and endogenous retirement decisions are explicitly modeled...

Persistent link: https://www.econbiz.de/10011891939

Older people's willingness to delay social security claiming

Maurer, Raimond; Mitchell, Olivia S. - 2016

We designed and fielded an experimental module in the 2014 HRS which seeks to measure older persons' willingness to voluntarily defer claiming of Social Security benefits. In addition we evaluate the stated willingness of older individuals to work longer, depending on the Social Security...

Persistent link: https://www.econbiz.de/10011633953

Optimal social security claiming behavior under lump sum incentives : theory and evidence

Maurer, Raimond; Mitchell, Olivia S.; Rogalla, Ralph; … - 2017 - Version of January 12, 2017

Persistent link: https://www.econbiz.de/10011584824

Will they take the money and work? : an empirical analysis of people's willingness to delay claiming social security benefits for a lump sum

Maurer, Raimond; Mitchell, Olivia S.; Rogalla, Ralph; … - 2015

This paper investigates whether exchanging the Social Security delayed retirement credit, currently paid as an increase in lifetime annuity benefits, for a lump sum would induce later claiming and additional work. We show that people would voluntarily claim about half a year later if the lump...

Persistent link: https://www.econbiz.de/10010482081

Women form social networks more selectively and less opportunistically than men

Friebel, Guido; Lalanne, Marie; Richter, Bernard; … - 2017

. Differential selectivity states that women invest less than men in interactions with new individuals. Differential opportunism … states that women’s investment in social interactions is less responsive to information about the interaction’s payoffs. The … hypotheses imply that women’s social networks are more stable and path dependent and composed of a greater proportion of strong …

Persistent link: https://www.econbiz.de/10011629173

Can U.S. venture capital contracts be transplanted into Europe? : systematic evidence from Germany and Italy

Enriques, Luca; Nigro, Casimiro A.; Tröger, Tobias - 2025

.S. VC contracts fare under the corporate law regimes in force in two important European jurisdictions: Germany and Italy. It …

Persistent link: https://www.econbiz.de/10015441245