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address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment …, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the …
Persistent link: https://www.econbiz.de/10009269241
Do people form correct expectations about the impact of retirement on their health? This paper looks at unexpected … health shocks that hit people after they retire. Using data from the Household, Income and Labour Dynamics in Australia … survey (waves 2001-2014), we construct measures of unexpected health shocks for each year, using information on respondents …
Persistent link: https://www.econbiz.de/10011776035
status and health. We also contribute by comparing effects on different diagnoses for which disability pension was granted … largely driven by health problems severe enough to merit hospitalization, and there is no evidence of a role played by …
Persistent link: https://www.econbiz.de/10011457381
address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment …, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the …
Persistent link: https://www.econbiz.de/10011601038
address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment …, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the …
Persistent link: https://www.econbiz.de/10010286305
relationships between well-being and job satisfaction on the one hand and employment status and retirement, on the other, using …. There is no well-being premium for involuntary late-life work and self-employment compared to retirement, however. Our …
Persistent link: https://www.econbiz.de/10010251177
Previous research finds a systematic fall in consumption at retirement, even when these retirements are expected, which … find, however, that consumption falls for workers who retire when expected although the estimated impact is 50 percent …
Persistent link: https://www.econbiz.de/10014071216
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
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
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