This paper specifies and estimates a structural dynamic stochastic model of the way individuals make retirement and … saving choices in an uncertain world, and applies that model to analyze the effects of the stock market bubble on retirement … behavior. The model includes individual variation both in retirement preferences and in time preferences. Estimates are based …

This paper specifies and estimates a structural dynamic stochastic model of the way individuals make retirement and … saving choices in an uncertain world, and applies that model to analyze the effects of the stock market bubble on retirement … behavior. The model includes individual variation both in retirement preferences and in time preferences. Estimates are based …

This paper develops and estimates a dynamic model of individuals' and couples' labor supply, savings, and retirement … increasing women's retirement age to be equal to men's …

the effect of the reform on the savings and retirement expectations and realizations of two virtually identical male … of workers born in 1950 or later. At the same time, a tax-facilitated savings plan was introduced that implied a large … savings subsidy for all workers, irrespective of birth year. This paper uses linked administrative and survey data to assess …

diverse beliefs, strategies, and knowledge. This study examines the validity of rational bubbles in stock market prices … indicate that these markets experienced bubbles at various points, often followed by bursts. These bubbles coincided with … contributed to the occurrence of bubbles. Three key policy options are proposed to address bubbles in the studied markets …

decades. Voluntary savings for retirement will therefore gain more and more relevance in order to maintain one’s standard of … living during retirement. This article examines the savings behavior for retirement on an individual level in Germany. As a … out to be less likely to save additionally privately for retirement. In a second step the chosen gross saving rates are …

assess the effect of the reform on the savings and retirement expectations and realizations of two virtually identical male … of workers born in 1950 or later. At the same time, a tax-facilitated savings plan was introduced that substantially …. We show that retirement expectations are in line with realizations and that the reform had the intended effect on the …