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Pension and Social Security Wealth in the Health and Retirement Study

Gustman, Alan L.; Mitchell, Olivia S.; Samwick, Andrew; … - 2011

Together, pensions, social security and health insurance account for half of the wealth held by all households in the Health and Retirement Study (HRS), for 60 percent of total wealth of HRS households who are in the 45th to 55th wealth percentiles, and even for 48 percent of wealth for those in...

Persistent link: https://www.econbiz.de/10014043164

A Historical Welfare Analysis of Social Security : Whom Did the Program Benefit?

Sommer, Kamila - 2017

A well-established result in the literature is that Social Security tends to reduce steady state welfare in a standard life cycle model. However, less is known about the historical effects of the program on agents who were alive when the program was adopted. In a computational life cycle model...

Persistent link: https://www.econbiz.de/10012970830

Social Security and Public Insurance

Börsch-Supan, Axel - 2016

When the challenges of population aging are being debated, the uncertain future of pension systems is a topic of high priority and large controversy. The aim of this chapter is not to provide a “consensus view” on social security and public insurance in aging populations but to put structure...

Persistent link: https://www.econbiz.de/10012981855

Measuring and Communicating Social Security Earnings Replacement Rates

Biggs, Andrew G. - 2019

Financial advisors commonly use earnings replacement rates to assist workers in their retirement planning. Policymakers and analysts use them to gauge the adequacy of Social Security benefits and other retirement income in allowing retirees to maintain preretirement living standards. In recent...

Persistent link: https://www.econbiz.de/10012904520

Chapter 13. Social Security and Public Insurance

Börsch-Supan, A.; Härtl, K.; Leite, D.N. - In: Handbook of the economics of population aging : Volume 1, (pp. 781-863). 2016

Persistent link: https://www.econbiz.de/10014023471

Is Social Security Behind the Collapse of Personal Saving?

Caliendo, Frank - 2009

This paper considers the quantitative role of growth in the size of the social security program in contributing to the collapse of personal saving in the U.S. over the last few decades. Using a calibrated, general equilibrium life-cycle model this paper shows that social security may not be to...

Persistent link: https://www.econbiz.de/10013157190

Inherited wealth and demographic aging

Onder, Harun; Pestieau, Pierre - 2016

The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement annuities, or for a given level of annuitization, both...

Persistent link: https://www.econbiz.de/10011499894

"Should I pay for you or for myself"? : the optimal level and composition of retirement benefit systems

Praag, Bernard M. S. van; Cardoso, Pedro - 2001

Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the optimal mix between the pay-as-you-go system and the funded pension system under the assumption of an exogenous interest rate. We reconsider the problem with the addition of a...

Persistent link: https://www.econbiz.de/10011339670

Perception and Salience of Social Security Contribution Incentives: Evidence from Voluntary Contributions

Iraizoz, Ander - 2025

In this paper, I investigate how individuals perceive the implicit contribution incentives provided by public pension systems. I use the unique setting of the Spanish public pension system, where self-employed workers are allowed to voluntarily determine the level of their Social Security...

Persistent link: https://www.econbiz.de/10015339534

Commitment, Flexibility, and Optimal Screening of Time Inconsistency

Galperti, Simone - 2015

This paper develops a theory of optimal provision of commitment devices to people who value both commitment and … flexibility, and whose preferences differ in the degree of time inconsistency. If time inconsistency is observable, both a planner … and a monopolist provide devices that help each person commit to the efficient level of flexibility. But the combination …

Persistent link: https://www.econbiz.de/10013028125