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If asking subjects their beliefs during repeated game play changes the way those subjects play, using those stated … beliefs to evaluate and compare theories of strategic behavior is problematic. We experimentally verify that belief … the goodness of fit of structural models of belief learning, and the prior beliefs implied by such structural models are …
Persistent link: https://www.econbiz.de/10005835418
Increases in life expectancy together with the decreases in fertility rates are predicted to make financing of public pension systems hard in an environment which some Eurozone member countries have had serious problems in their public finance, in the coming 50 years. European Union member...
Persistent link: https://www.econbiz.de/10011031781
Während die deutsche Bevölkerung zentrale Kenngrößen des deutschen Rentensystems vergleichsweise treffsicher bewerten kann, wird das Ausmaß des bevorstehenden demografischen Wandels unterschätzt. Dabei wird die Lebenserwartung von Männern und Frauen im Alter von 65 Jahren um jeweils fünf...
Persistent link: https://www.econbiz.de/10014340624
Oregon's Public Employees Retirement System (PERS) is a rich setting in which to study the effect of pension design on employer costs and employee retirement-timing decisions. PERS pays retirees the maximum benefit calculated using three formulas that can be characterized as defined benefit...
Persistent link: https://www.econbiz.de/10010969253
The degree to which the Social Security tax distorts labor supply depends on the extent to which individuals perceive the link between current earnings and future Social Security benefits. Some Social Security reform plans have been motivated by an assumption that workers fail to perceive this...
Persistent link: https://www.econbiz.de/10010969349
This paper presents the results of a field experiment in which a sample of older workers was randomized between a treatment group that was given information about key Social Security provisions and a control group that was not. The experiment was designed to examine whether it is possible to...
Persistent link: https://www.econbiz.de/10009220643
Während die deutsche Bevölkerung zentrale Kenngrößen des deutschen Rentensystems vergleichsweise treffsicher bewerten kann, wird das Ausmaß des bevorstehenden demografischen Wandels unterschätzt. Dabei wird die Lebenserwartung von Männern und Frauen im Alter von 65 Jahren um jeweils fünf...
Persistent link: https://www.econbiz.de/10014339793
This paper uses data from the Health and Retirement Study to explore the mechanism that underlies the robust relation found in the literature between cognitive ability, and in particular numeracy, and wealth, income constant. We have a number of findings. First, the more valuable the pension,...
Persistent link: https://www.econbiz.de/10008685012
We use administrative data from Oregon's Public Employees Retirement System (PERS) to study the effect of pension design on employer costs and employee retirement-timing decisions. During our 1990–2003 sample period, PERS calculates each member's retirement benefit using up to three different...
Persistent link: https://www.econbiz.de/10011056225
. Workers update beliefs about the prevalence of sexual activities differently in response to liberal or conservative decisions …
Persistent link: https://www.econbiz.de/10011266041