Showing 1 - 10 of 331
Health and Retirement Study, we compare respondents' observed Social Security claiming ages and benefits with subjective …
Persistent link: https://www.econbiz.de/10014247944
This paper evaluates a new variant of the popular target date funds used in employer-based retirement savings plans. We … call this new variant a "target retirement plan." Instead of increasing the allocation to bond funds as retirement … approaches, a target retirement fund gradually purchases deferred life annuities beginning at age 50. In the particular straw …
Persistent link: https://www.econbiz.de/10013537711
In recent decades, many states have reduced future retirement benefits for newly hired teachers. We estimate that in … 2020 the average initial monthly retirement benefit, for teachers retiring with 30 years of service, is 11.2 percent lower …
Persistent link: https://www.econbiz.de/10013388828
At the onset of the COVID pandemic, the U.S. economy suddenly and swiftly lost 20 million jobs. Over the next two years, the economy has been on the recovery path. We assess the labor market two years into the COVID crisis. We show that early employment dynamics were almost entirely driven by...
Persistent link: https://www.econbiz.de/10013362041
Disability, work and retirement -- New age thinking: alternative ways of measuring age, their relationship to labor … status and transitions during the pre-retirement years: learning from international differences / Arie Kapteyn, James P … -- Retirement saving -- The rise of 401(k) plans, lifetime earnings, and wealth at retirement / James M. Poterba, Steven F. Venti …
Persistent link: https://www.econbiz.de/10003840826
We pursue a cross-country comparison of relative financial readiness of older households in Japan and the Republic of Korea relative to the US. Our comparative analysis, using macro-level and harmonized longitudinal household financial data, covers the principal financial channels of old age...
Persistent link: https://www.econbiz.de/10012814424
We examine respondents in the Health and Retirement Study (HRS) to observe how their financial situations unfolded as … retirement, and progress through their retirement years, and (b) labor force participation declined and thus 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/10012510599
Many people forgo a higher stream of public pension income by claiming early. We provide both quasi-experimental and survey-experimental evidence that the timing of public pension claiming is relatively inelastic to changes in financial incentives in Canada. Using the survey experiment, we...
Persistent link: https://www.econbiz.de/10014226135
This paper documents trends over the last two decades in retirement behavior and retirement income choices by …, the average retirement age rose by approximately 1.3 years for female and 2 years for male participants. There is … retirement. Later retirement and lags between retirement and the first retirement income payout led to a growing fraction of …
Persistent link: https://www.econbiz.de/10013191041
This study examines retirement outcomes in the first four waves of the Health and Retirement Study. Measured retirement … is seen to differ, sometimes substantially, with the definition of retirement used and among various groups analyzed …. Moreover, these differences vary with the wave of the survey as respondents age. Retirement is comprised of a complex set of …
Persistent link: https://www.econbiz.de/10012471181