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been made in the US labour market, using a dynamic panel probit model. The estimated income effect of higher housing wealth … is virtually zero and that of financial assets wealth is positive, increasing the retirement probability. The … substitution effect of earned income is negative, thus decreasing the retirement probability. The retirement decision is strongly …
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This article considers the effect of changing household wealth on changes in utilization. …
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This article considers differences in dental use by wealth levels across households. …
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poverty line measured as one-half median equivalent income after taxes and transfers, for households headed by a person 65 or … over fell from 28.4 per cent in 1973 to 5.4 per cent in 1997, while the poverty gap or income shortfall below the poverty … tax and transfer income are much higher and show no downward trend. Osberg attributes the difference between the before …
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This paper investigates the impact of financial wealth and earned income on the retirement decision using data from the … wealth has virtually no impact on the decision to retire, while financial wealth encourages it and earned income discourages … it. The retirement decision is also found to be state dependent, and this persistence is stronger for those retirees with …
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2008-09 recession saw declines in average family wealth and retirement assets of 11% and 14% respectively. Average wealth … recovery the recession would have reduced expected retirement income of future retirees by averages of 3.4% and 11.0% for DB … CPP/QPP is compared with wide adoption of Pooled RPPs (PRPPs). Expected retirement income is higher with PRPPs but so is …
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