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proposed model is that it will generate equal durations with positive probability. The motivating example is retirement … retirement time depends on the retirement time of the spouse. Moreover, the data suggest that the wife and the husband retire at … in retirement to depend on the retirement status of the spouse. The econometric model is then completed by assuming that …
Persistent link: https://www.econbiz.de/10011429485
We use a US Social Security reform as a quasi-experiment to provide evidence on framing effects in retirement behavior …. The reform increased the full retirement age (FRA) from 65 to 66 in two month increments per year of birth for cohorts … with the FRA. Results on self-reported retirement and exit from employment are less clearcut, but go in the same direction …
Persistent link: https://www.econbiz.de/10009300126
during retirement. However, there is no consensus on the answer to the underlying question about what this standard should be … Netherlands. Key findings include the following. Adequate levels of retirement spending exceed 80 percent of working life spending … ; retirement saving ; cross-country survey studies …
Persistent link: https://www.econbiz.de/10003923525
the normal retirement age from sixty-six to seventy-three, or 4) means-test the benefits and reduce them one-to-one with … participation ; retirement age ; demographic shift ; overlapping generations …
Persistent link: https://www.econbiz.de/10009266746
retirement spells has been steadily increasing. We estimate the response of retirement timing to variations in unemployment rate …, inflation and housing prices. Flows into both full and partial retirement increase significantly when the unemployment rate … rises. Workers around normal retirement age are especially sensitive to variations in the unemployment rate. Workers who are …
Persistent link: https://www.econbiz.de/10010221835
(Chile, Great Britain and Sweden) and left out similar reforms introduced in similar situations, like in Hungary, Poland and …
Persistent link: https://www.econbiz.de/10003435407
Employer-sponsored pensions, the second tier of the United States retirement system, ought to be a major source of … lifetime income in retirement for many, if not most, Americans. However, while employer-sponsored pensions are mandatory or … have enough income to meet their economic needs throughout retirement. Moreover, 401(k)-type plans offered by employers …
Persistent link: https://www.econbiz.de/10013213704
The United States Social Security Amendments of 1983 (SSA1983) increased the full retirement age (FRA) and increased … penalties for retiring before the FRA. This cut to retirement benefits caused spillover effects on Social Security Disability …
Persistent link: https://www.econbiz.de/10013323004
Personal Retirement Accounts (PRAs). Annual PRA contributions of 2 percent of taxable payroll earning the historical return on … Insurance programs and to provide a modest increase in expected retirement income. Critically, the balance in the Social …
Persistent link: https://www.econbiz.de/10014038253
retirees. It also examines how the retirement and health care of older citizens might be financed, and measures the potential … Elderly. -- Economics of Aging ; Retirement and Health Care Programs ; Government Spending on Elderly ; Fiscal Pressures of …
Persistent link: https://www.econbiz.de/10003727006