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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 …
Persistent link: https://www.econbiz.de/10014093130
assess the effect of the reform on the savings and retirement expectations and realizations of two virtually identical male …. We show that retirement expectations are in line with realizations and that the reform had the intended effect on the …
Persistent link: https://www.econbiz.de/10011876086
the effect of the reform on the savings and retirement expectations and realizations of two virtually identical male …. We show that retirement expectations are in line with realizations and that the reform increased the labor supply for the …
Persistent link: https://www.econbiz.de/10012427616
Many nations incentivize retirement saving by letting workers defer taxes on pension contributions, imposing them when … taxing pension contributions instead of withdrawals leads to delayed retirement, somewhat lower lifetime tax payments, and …
Persistent link: https://www.econbiz.de/10013464027
retirement across Canadian provinces. Using linked employer- employee tax data, we show that the bans cause large and similar … reductions in job separation rates and retirement hazards at age 65, with further reductions at higher ages. The effects vary … on savings behavior, workplace injuries, and spousal retirement timing. …
Persistent link: https://www.econbiz.de/10014338675
retirement across Canadian provinces. Using linked employeremployee tax data, we show that the bans cause large and similar … reductions in job separation rates and retirement hazards at age 65, with further reductions at higher ages. The effects vary … on savings behavior, workplace injuries, and spousal retirement timing. …
Persistent link: https://www.econbiz.de/10014380987
Using data from the Health and Retirement Study, we estimate reduced form retirement and wealth equations. The … retirement equation relates the probability of retiring to the quot;premium valuequot;, a forward looking measure of the future … simple models suggest that if the social security early retirement age were to be raised, more people would retire earlier …
Persistent link: https://www.econbiz.de/10012786844
We investigate the wealth decumulation decision from the perspective of a retiree who is averse to the prospect of fully annuitizing her accumulated savings. We field a large online survey of hypothetical product choices for phased drawdown offerings and annuities. While the demand for annuities...
Persistent link: https://www.econbiz.de/10012860958
In this study, we investigate the wealth decumulation decision from the perspective of a retiree who is averse to the prospect of fully annuitizing her accumulated savings. We field a large online survey of hypothetical product choices for phased drawdown offerings and annuities. While the...
Persistent link: https://www.econbiz.de/10012115352
hundred age brackets and we investigate how changes in the birth rates, survival rates, and the retirement age affect the …
Persistent link: https://www.econbiz.de/10012160984