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Trends in Retirement and Retirement Income Choices by TIAA Participants : 2000-2018

Brown, Jeffrey R.; Poterba, James M.; Richardson, David P. - 2022

This paper documents trends over the last two decades in retirement behavior and retirement income choices by participants in TIAA, a large and mature defined contribution plan with a wide range of withdrawal options. Between 2000 and 2018, the average retirement age rose by approximately 1.3...

Persistent link: https://www.econbiz.de/10013191041

Choice Overload? Participation and Asset Allocation in French Employer-Sponsored Saving Plans

Briere, Marie; Poterba, James M.; Szafarz, Ariane - 2021

This paper employs administrative data from one of the largest plan providers in France to investigate the role of plan and default characteristics in affecting whether employees participate in the plan and whether they accept its default investment option. The dataset includes information on...

Persistent link: https://www.econbiz.de/10012794627

Discount Rates, Mortality Projections, and Money's Worth Calculations for US Individual Annuities

Poterba, James M.; Solomon, Adam - 2021

Estimates the expected present discounted value (EPDV) of future payouts on both immediate and deferred annuities are sensitive to the discount rate used to value future payment streams and assumptions about future mortality rates. This paper illustrates this with respect to annuities that were...

Persistent link: https://www.econbiz.de/10012496110

Economic Analysis and Infrastructure Investment

Glaeser, Edward L. - 2020

This paper summarizes economic research on investment in public infrastructure and introduces the findings of several new studies on this topic. It begins with a review of several potential justifications for the public sector's involvement in building, financing, and operating infrastructure,...

Persistent link: https://www.econbiz.de/10012482434

Longitudinal Determinants of End-of-Life Wealth Inequality

Poterba, James M. - 2017

Inequality in wealth among elderly households, and in particular the prevalence of very low wealth holdings, can be an important consideration in the design of social insurance programs. This paper examines the incidence and determinants of low levels of financial and total wealth using repeated...

Persistent link: https://www.econbiz.de/10012453872

The Long Reach of Education : Health, Wealth, and DI Participation

Poterba, James M. - 2017

Education is strongly related to participation in the Social Security Disability Insurance (DI) program. To explore this relationship, we describe the correlation between education and DI participation, and then explore how four factors related to education - health, wealth, occupation, and...

Persistent link: https://www.econbiz.de/10012455374

Choosing Between an Estate Tax and a Basis Carryover Regime : Evidence from 2010

Gordon, Robert - 2016

Executors of estates for decedents in 2010 could choose between an estate tax regime and a basis carry-over regime. For most executors, this created a tradeoff between a current estate tax payment and a future capital gains tax liability for beneficiaries who inherited assets with...

Persistent link: https://www.econbiz.de/10012455958

Retirement Security in an Aging Society

Poterba, James M. - 2014

Elderly individuals exhibit wide disparities in their sources of income. For those in the bottom half of the income distribution, Social Security is the most important source of support; program changes would directly affect their well-being. Income from private pensions, assets, and earnings...

Persistent link: https://www.econbiz.de/10012458735

Health, Education, and the Post-Retirement Evolution of Household Assets

Poterba, James M. - 2013

This paper explores the relationship between education and the evolution of wealth after retirement. Asset growth following retirement depends in part on health capital and financial capital accumulated prior to retirement, which in turn are strongly related to educational attainment. These...

Persistent link: https://www.econbiz.de/10012459970

The Nexus of Social Security Benefits, Health, and Wealth at Death

Poterba, James M. - 2012

Social Security benefits are the most important component of the income of a large fraction of older Americans. A significant fraction of persons approach the end of life with few financial assets and no home equity, relying almost entirely on Social Security benefits for support. Whether...

Persistent link: https://www.econbiz.de/10012460002