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We analyse a large longitudinal data file to determine who has retired and to assess how successful they are in maintaining their incomes after retirement. Our main conclusions are as follows. First, in the two years immediately after retirement the after-tax income replacement ratios average...
Persistent link: https://www.econbiz.de/10003981783
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Retired homeowners dissave more slowly than renters, which suggests that homeownership affects retirees' saving … decisions. We investigate empirically and theoretically the life-cycle patterns of homeownership, housing and nonhousing assets …; without considering homeownership, retirees' net worth would be 28-53% lower, depending on age …
Persistent link: https://www.econbiz.de/10013114363
Using a longitudinal data set from South Korea, we estimate the impact of housing wealth on labor supply and the retirement behavior of elderly workers. Estimation results from our model suggest that house wealth variations significantly influence the labor supply of older workers. The housing...
Persistent link: https://www.econbiz.de/10013197917
For the purpose of studying the consequences of the ageing of the Swedish population a group of scientists have enlarged the microsimulation model SESIM - originally developed at the Swedish Ministry of Finance - with modules that simulate health status, take up of sickness benefits, retirement,...
Persistent link: https://www.econbiz.de/10010321560
Bargaining models of household wealth accumulation point to a potential conflict of interest between husbands and wives. Since wives are typically younger than their husbands and have longer life expectancy, they have to finance a longer expected retirement period. Thus, it is argued that when...
Persistent link: https://www.econbiz.de/10012115574
Health status is an important element in the decision to continue working or retire among older workers. Given the demographic projections for the next four decades, there will be increasing opportunities for older workers to remain in the workforce. However, an individual's decision is likely...
Persistent link: https://www.econbiz.de/10012115617
Using the largest household panel survey Understanding Society, this paper investigates low income dynamics among pensioner households in the UK controlling for biases due to initial conditions and non-random survey attrition. Estimation results indicate the presence of a correlation between...
Persistent link: https://www.econbiz.de/10011533857
Persistent link: https://www.econbiz.de/10013118387
While it is understood that differing ethnic groups have differing income and therefore differing capacity to save for retirement, it is not generally recognized that differing genders and ethnic groups do not save the same even if income is equalized. This article contributes to the discussion...
Persistent link: https://www.econbiz.de/10013123463