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independent by the time the parents reach retirement age. …
Persistent link: https://www.econbiz.de/10014439296
can be a useful tool in approximating the life cycle model's predictions for how households wish to prepare for retirement … retirement income replacement rates, each of which find that Social Security benefits replace about 40 percent of a typical … retiree's pre-retirement earnings. Some interpret these figures as indicating that Social Security benefits are insufficiently …
Persistent link: https://www.econbiz.de/10014439304
Data from the National Income and Product Accounts published by the US federal government make it possible to analyze the growth of state and local government employee compensation by state.
Persistent link: https://www.econbiz.de/10014439170
This paper reviews the literature on the recent benefit and funding landscape of state and local government employee pension plans. Many plans, with generous benefit structures and inadequate funding, are in troubled financial shape. The state of Connecticut pension plans are a good illustration...
Persistent link: https://www.econbiz.de/10014439185
There are adjustment factors for early and late claiming of retirement benefits in Social Security which depend on the …, under current interest and mortality rates, the early retirement factors for workers should be about 16 percent higher than … current factors; this change, reducing the early retirement penalty, would generally favor the poorer and minorities, who …
Persistent link: https://www.econbiz.de/10014439231
determine retirement savings and tax payments. Flat income and tax-rate profiles facilitate the analysis of behavioral factors … effects of mandated Traditional (tax-deferred) or Roth (taxprepaid) retirement policies in a controlled laboratory setting … receive exogenous incomes during "working" periods, followed by no-income "retirement" periods. In each period, subjects …
Persistent link: https://www.econbiz.de/10014442854
public wonder whether it is possible to live a dignified life after retirement. The article makes the attempt to show how … households' interest in Individual Retirement Accounts (in the paper referred to as IKE) has changed in relation to the WIG 20 …'s showing interest in setting up an individual retirement account and the WIG20 index fluctuation. The study was conducted based …
Persistent link: https://www.econbiz.de/10012427203
The Least-Squares Monte Carlo model (LSM model) has emerged as the derivative valuation technique with the greatest impact in current practice. As with other options valuation models, the LSM algorithm was initially posited in the field of financial derivatives and its extension to the realm of...
Persistent link: https://www.econbiz.de/10011988695
The article is essentially a book-review of Professor Vijay Joshi's recent work, '"India's Long Road: The Search for Prosperity". In this critical essay, I take a slightly revisionist approach when it comes to a 'typical'book review. For example, the length of this article goes well-beyond the...
Persistent link: https://www.econbiz.de/10011866627
This extended abstract shows the importance of human intuition in the context of creating new knowledge. In particular, inspirational intuition plays an important role. In contrast to Daniel Kahneman's fast, intuitive and routine decision-making in terms of a System 1 (Kahneman 2011, pp. 19...
Persistent link: https://www.econbiz.de/10014540410