Narrow search
Showing 1 - 10 of 12,007
Cover Image
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
This paper investigates whether exchanging the Social Security delayed retirement credit, currently paid as an increase in lifetime annuity benefits, for a lump sum would induce later claiming and additional work. We show that people would voluntarily claim about half a year later if the lump...
Persistent link: https://www.econbiz.de/10010482081
Cover Image
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
People who delay claiming Social Security receive higher lifelong benefits upon retirement. We survey individuals on their willingness to delay claiming later, if they could receive a lump sum in lieu of a higher annuity payment. Using a moment-matching approach, we calibrate a lifecycle model...
Persistent link: https://www.econbiz.de/10011584824
Cover Image
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
People who delay claiming Social Security receive higher lifelong benefits upon retirement. We survey individuals on their willingness to delay claiming later, if they could receive a lump sum in lieu of a higher annuity payment. Using a moment-matching approach, we calibrate a lifecycle model...
Persistent link: https://www.econbiz.de/10012062081
Cover Image
Optimal social security claiming behavior under lump sum incentives : theory and evidence
Maurer, Raimond; Mitchell, Olivia S.; Rogalla, Ralph; … - 2019
Many Americans claim Social Security benefits early, though this leaves them with lower benefits throughout retirement. We build a lifecycle model that closely tracks claiming patterns under current rules, and we use it to predict claiming delays if, by delaying benefits, people received a lump...
Persistent link: https://www.econbiz.de/10012113838
Cover Image
Improving Security and Flexibility in Retirement
Blake, David P. - 2020
examines the current provision of retirement income for members of defined contribution pension (DC) plans who are obliged to …
Persistent link: https://www.econbiz.de/10012833059
Cover Image
Current Developments in German Pension Schemes : What Are the Benefits of the New Target Pension?
Chen, An - 2020
We analyze the newly introduced German occupational pension scheme called target pension ("Zielrente"), which links the … beneficiaries' benefits during the retirement phase to the mortality experienced among the pension beneficiaries and the performance … of the financial market, from a pension beneficiary's perspective. We model the contract payoffs related to the target …
Persistent link: https://www.econbiz.de/10012837966
Cover Image
Saving with Group or Individual Personal Pension Schemes : How Much Difference Does It Make?
Zalewska, Anna (Ania) - 2019
The role of employers in setting up and overseeing pension schemes offered to their employees and the quality of … adds to the debate by showing that institutional differences in setting up DC personal contracts with pension providers … result in statistically and economically different performance of pension investments. Using a large sample of UK personal …
Persistent link: https://www.econbiz.de/10012902263
Cover Image
Reality and expectations of old-age pension savings in the pension system of the Slovak Republic
Sika, Peter; Vidová, Jarmila - In: Národohospodářský obzor : časopis věnovaný … 21 (2021) 4, pp. 411-436
The aim of the authors is to provide a critical statistical-analytical view of the current pension system of the Slovak … Republic with special regard to old -age pension savings in its fifteen-year existence, resulting in proposals for adjustments … to its operation. It includes an analysis of the sustainability of pension systems, an analysis of the age distribution …
Persistent link: https://www.econbiz.de/10012817892
Cover Image
Does the Pension System’s Income Statement Really Matter? A Proposal for An NDC Scheme with Disability and Minimum Pension Benefits
Garvey, Anne M. - 2019
) pension scheme with disability and minimum pension benefits. Using the annual report of the Swedish pension system as a …
Persistent link: https://www.econbiz.de/10012866526
Cover Image
Addressing Longevity Heterogeneity in Pension Scheme Design and Reform
Ayuso, Mercedes - 2016
some countries; that such rates risk perverting redistributive objectives of pension schemes and distorting individual … significantly reduce the effects of heterogeneity in longevity through changes in pension design. The paper suggests and explores a …
Persistent link: https://www.econbiz.de/10012978166