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This paper specifies three behavioral variants of a structural model of retirement and saving to bring predicted Social Security claiming rates closer to the rates observed in the data. The model, estimated with Health and Retirement Study data, is used to examine three potential policies:...
Persistent link: https://www.econbiz.de/10013100567
An enhanced version of a structural model jointly explains benefit claiming, wealth and retirement, including reversals from states of lesser to greater work. The model includes stochastic returns on assets. Estimated with Health and Retirement Study data, it does a better job of predicting...
Persistent link: https://www.econbiz.de/10013081500
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An enhanced version of a structural model jointly explains benefit claiming, wealth and retirement, including reversals from states of lesser to greater work. The model includes stochastic returns on assets. Estimated with Health and Retirement Study data, it does a better job of predicting...
Persistent link: https://www.econbiz.de/10012459590
of pensions and social security that better reflects the accrual of benefits under defined contribution plans. We also …
Persistent link: https://www.econbiz.de/10012470495
of pensions and social security that better reflects the accrual of benefits under defined contribution plans. We also …
Persistent link: https://www.econbiz.de/10013310126
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