Showing 91 - 100 of 168,551
ability of older workers to work past the Social Security Early Retirement Age of 62. This issue arises because a possible … reform of Social Security could raise the early retirement age. This change might be made in conjunction with raising the … Normal Retirement Age in order to offset the reduction in annual benefits that workers would receive when retiring at the …
Persistent link: https://www.econbiz.de/10014198464
determining retirement behavior. Using data from the Health and Retirement Study, we estimate the first dynamic programming model … of retirement that accounts for both saving and uncertain medical expenses. Our results suggest that uncertainty and … to health insurance has a significant effect on retirement behavior, which is consistent with the empirical evidence. As …
Persistent link: https://www.econbiz.de/10014121767
Persistent link: https://www.econbiz.de/10013479606
Persistent link: https://www.econbiz.de/10014228623
Using a lifecycle framework with Epstein-Zin (1989) utility and a mixed-integer optimization approach, we compute the optimal age to claim Social Security benefits. Taking advantage of homogeneity, a sufficient statistic is the ratio of wealth to the primary insurance amount (PIA). If the...
Persistent link: https://www.econbiz.de/10014088475
Persistent link: https://www.econbiz.de/10014233244
The specificities of the workforce with a migrant background are often neglected in studies of retirement. Similarly … systems—with a focus on retirement. The article argues that such effects are nonnegligible and are likely to have major policy …
Persistent link: https://www.econbiz.de/10011397718
While the effect of social security systems on retirement decisions has received much attention, the impact of these … investment and retirement decisions in a simple analytical life-cycle model with full certainty and investigate how different … contributions and benefits increase human capital investment and postpone retirement. …
Persistent link: https://www.econbiz.de/10011398074
We study retirement incentives with augmented option value model à la Stock and Wise (1990). We propose methodological … modelling of couples' incentives leads to very different patterns of retirement incentives - particularly for women. We apply … the new indicators to data from the Survey of Health, Ageing and retirement in Europe (SHARE) in Belgium and find two key …
Persistent link: https://www.econbiz.de/10011543602
Persistent link: https://www.econbiz.de/10013166038