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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

their willingness to delay claiming later, if they could receive a lump sum in lieu of a higher annuity payment. Using a …

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

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

their willingness to delay claiming later, if they could receive a lump sum in lieu of a higher annuity payment. Using a …

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

Testing methods to enhance longevity awareness

Mitchell, Olivia S.; Sade, Orly; Hurwitz, Abigail - 2022

decisions, while life expectancy information influences only annuity choices. We provide some evidence that many people are …

Persistent link: https://www.econbiz.de/10013470540

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

in lifetime annuity benefits, for a lump sum would induce later claiming and additional work. We show that people would …

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

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 … retirement decisions are explicitly modeled within a public pension system. Heterogeneity with respect to consumption preferences … strongly influenced by numerous incentives produced by the pension system and macroeconomic variables, such as the statutory …

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

Risk taking, preferences, and beliefs : evidence from Wuhan

Bu, Di; Hanspal, Tobin; Liao, Yin; Liu, Yong - 2021

We study risk taking in a panel of subjects in Wuhan, China - before, during the COVID-19 crisis, and after the country reopened. Subjects in our sample traveled for semester break in January, generating variation in exposure to the virus and quarantine in Wuhan. Higher exposure leads subjects...

Persistent link: https://www.econbiz.de/10012419372

Smoking hot portfolios? : self-control and investor decisions

Uhr, Charline; Meyer, Steffen; Hackethal, Andreas - 2019

Self-control failure is among the major pathologies (Baumeister et al. (1994)) affecting individual investment decisions but cannot be measured bias-free. We link the time-series of government-controlled tobacco prices to debit/credit card transaction histories to identify smoking as a proxy for...

Persistent link: https://www.econbiz.de/10012062176

Smoking hot portfolios? : self-control and investor decisions

Uhr, Charline; Meyer, Steffen; Hackethal, Andreas - 2019

Self-control failure is among the major pathologies (Baumeister et al. (1994)) affecting individual investment decisions which has hardly been measurable in empirical research. We use cigarette addiction identified from checking account transactions to proxy for low self-control and compare over...

Persistent link: https://www.econbiz.de/10011981008

Smoking hot portfolios? : overtrading from self-control failure

Uhr, Charline; Meyer, Steffen; Hackethal, Andreas - 2019

Psychology considers self-control failure, i.e., the inability to resist certain behaviors and impulses when seeking to achieve future goals as a major human pathology. The finance literature models and applies self-control failure to explain time-inconsistent behavior such as under-saving and...

Persistent link: https://www.econbiz.de/10012105101

Financial education for the disadvantaged? : a review

Entorf, Horst; Hou, Jia - 2018 - This version: 20 April 2018

In contrast to the popularity of financial education interventions worldwide, studies on the economic effects of those interventions report mixed results. With a focus on the effect on disadvantaged groups, we review both the theoretical and empirical findings in order to understand why this...

Persistent link: https://www.econbiz.de/10011823319