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accentuated by fundamental pension reforms that aim at more pre-funding. Population aging changes households' savings behavior and … at the effects of population aging on savings behavior and capital markets therefore adds a new dimension to the …
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Using data from the Health and Retirement Study, this paper creates variables measuring knowledge about future social security and pension benefits by comparing respondent reports of their expected benefits with benefits calculated from social security earnings records and employer provided...
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limits bind those older middle-income households who started their pension savings programs late in life, those who plan to …
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The conventional approach to retirement and life insurance planning, which is used throughout the financial planning industry, differs markedly from the economic approach. The conventional approach asks households to specify how much they want to spend before retirement, after retirement, and in...
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on investment allocation and based on current Social Security provisions). For persons retiring in 2035 we estimate that …
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less than the present value of taxes paid. Earlier than many expect, social security is already a poor investment on … a simple life cycle explanation for savings. They also raise questions about whether pensions are fundamentally a tax … avoidance device, allowing substitution of pension for nonpension savings …
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We attempt to draw inferences about potential behavioral responses to means-tested" income support for the elderly by examining the effects on saving of the Supplemental Security" Income (SSI) program for the aged in the U.S. Part of the SSI program provides payments to the" poor elderly, thus...
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