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Intergenerational Altruism and Retirement Transfers : Evidence from the Social Security Notch

Mukherjee, Anita - 2020

I contribute new evidence on altruistic preferences in intergenerational transfers using variation in Social Security benefits induced by an inflation-indexing mistake. The instrument is most relevant for those with low education, so I focus on this group. I find support for pure altruism...

Persistent link: https://www.econbiz.de/10012826687

The Evolution of Retirement Wealth

Devlin-Foltz, Sebastian - 2015

Is the current mix of tax preferences for employer-sponsored pensions and individual retirement saving in the U.S. delivering the best possible retirement-preparedness across and within generations? Using data from the triennial Survey of Consumer Finances for 1989 through 2013, cohort-based...

Persistent link: https://www.econbiz.de/10013027338

Old Age and the Decline in Financial Literacy

Finke, Michael S. - 2015

Households over age 60 own half of the discretionary investment assets in the United States and are increasingly responsible for generating income from these investments to fund retirement. Studies in cognitive aging show that older respondents experience a decline in cognitive processes closely...

Persistent link: https://www.econbiz.de/10013037547

Household debt and aging in Japan

Horioka, Charles; Niimi, Yoko - 2019

In this paper, we analyze the borrowing behavior of Japanese households in comparison to the other Group of Seven (G7) countries and also broken down by the age group of the household head. We find that pre-retirement households (households with a head in the 50-59 age group) in Japan do not...

Persistent link: https://www.econbiz.de/10012121910

Chapter 11. Complex Decision Making : The Roles of Cognitive Limitations, Cognitive Decline, and Aging

Keane, M.P.; Thorp, S. - In: Handbook of the economics of population aging : Volume 1, (pp. 661-709). 2016

We review the evidence on decision making in complex choice situations—i.e., situations where there are many alternatives and/or where attributes of alternatives are difficult to understand. We focus on choices about health insurance, health care, and retirement planning, all of which are very...

Persistent link: https://www.econbiz.de/10014023472

Financial Regret at Older Ages and Longevity Awareness

Hurwitz, Abigail; Mitchell, Olivia S. - National Bureau of Economic Research - 2022

Older people often express regret about financial decisions made earlier in life that left them susceptible to old-age insecurity. Prior work has explored one outcome, saving regret, or peoples' expressed wish that they had saved more earlier in life. The present paper extends attention to five...

Persistent link: https://www.econbiz.de/10013462744

Income Trajectories in Later Life : Longitudinal Evidence from the Health and Retirement Study

Mitchell, Olivia S.; Clark, Robert L.; Lusardi, Annamaria - 2021

earnings became less important with age, while Social Security and retirement savings rose as a proportion of annual income …

Persistent link: https://www.econbiz.de/10014351866

The effects of pension information on individuals’ economic outcomes : a survey

Basiglio, Stefania; Oggero, Noemi - In: Economies : open access journal 8 (2020) 3/67, pp. 1-16

savings decisions. We also highlight that the lack of knowledge prevalently hits the most vulnerable individuals in the …

Persistent link: https://www.econbiz.de/10012296088

Intra-household allocation of non-mandatory retirement savings : update : updated version of discussion paper no.60

Metzger, Christoph - 2017

Traditionally, households have been seen as acting as a single unit when it comes to savings. Although this might be … correct for some parts of household savings, we question the correctness of the unitary model with respect to non …-mandatory retirement savings. Therefore we analyze the intra-household allocation of retirement savings between partners in Germany taking …

Persistent link: https://www.econbiz.de/10011582956

The effect of increasing the early retirement age on savings behavior before retirement

Etgeton, Stefan; Fischer, Björn; Ye, Han - 2019

age for women born after 1951 in Germany, we show evidence of a reduction in private savings rate and an increase in …

Persistent link: https://www.econbiz.de/10012133536