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Will They Take the Money and Work? An Empirical Analysis of People's Willingness to Delay Claiming Social Security Benefits for a Lump Sum

Mitchell, Olivia; Maurer, Raimond; Rogalla, Ralph; … - National Bureau of Economic Research (NBER) - 2014

This paper investigates whether exchanging the Social Security delayed retirement credit (currently paid as an increase … voluntarily claim about half a year later if the lump sum were paid for claiming any time after the Early Retirement Age, and … about two-thirds of a year later if the lump sum were paid only for those claiming after their Full Retirement Age. Overall …

Persistent link: https://www.econbiz.de/10010951256

Riester Pensions in Germany: Design, Dynamics, Targetting Success and Crowding-In

Börsch-Supan, Axel H.; Coppola, Michela; Reil-Held, Anette - National Bureau of Economic Research (NBER) - 2012

Riester pensions are voluntary, but heavily subsidized private pension schemes in Germany. They were designed as a … generosity of the public pay-as-you-go pensions in response to population aging. This paper investigates how the uptake of the … recently introduced "Riester pensions" depends on the state-provided saving incentives and how well the targeting to families …

Persistent link: https://www.econbiz.de/10011227937

When Consumers Do Not Make an Active Decision: Dynamic Default Rules and their Equilibrium Effects

Ericson, Keith M. Marzilli - National Bureau of Economic Research (NBER) - 2014

Dynamic defaults for recurring purchases determine what happens to consumers enrolled in a product or service who take no action at a decision point. Consumers may face automatic renewal, automatic switching, or non-purchase defaults. Privately optimal dynamic defaults depend on the...

Persistent link: https://www.econbiz.de/10010822023

The Articulation Effect of Government Policy: Health Insurance Mandates Versus Taxes

Ericson, Keith Marzilli; Kessler, Judd B. - National Bureau of Economic Research (NBER) - 2013

We examine how the articulation of government policy affects behavior. Our experiment compares a government mandate to purchase health insurance to a financially equivalent tax on the uninsured. Participants report their probability of purchasing health insurance under one of the two...

Persistent link: https://www.econbiz.de/10010950663

Don't Take 'No' For An Answer: An Experiment With Actual Organ Donor Registrations

Roth, Alvin; Kessler, Judd B. - National Bureau of Economic Research (NBER) - 2014

Over 10,000 people in the U.S. die each year while waiting for an organ. Attempts to increase organ transplantation have focused on changing the registration question from an opt-in frame to an active choice frame. We analyze this change in California and show it decreased registration rates....

Persistent link: https://www.econbiz.de/10010951166

Borrowing from the Future: 401(k) Plan Loans and Loan Defaults

Mitchell, Olivia; Timothy (Jun) Lu; Utkus, Stephen P.; … - National Bureau of Economic Research (NBER) - 2015

Tax-qualified retirement plans seek to promote saving for retirement, yet most employers permit pre- retirement access …

Persistent link: https://www.econbiz.de/10011262917

Behind the GATE Experiment: Evidence on Effects of and Rationales for Subsidized Entrepreneurship Training

Fairlie, Robert W.; Karlan, Dean; Zinman, Jonathan - National Bureau of Economic Research (NBER) - 2012

Various theories of market failures and targeting motivate the promotion of entrepreneurship training programs throughout the world. Using data from the largest randomized control trial ever conducted on entrepreneurship training, we examine the validity of such motivations and find that...

Persistent link: https://www.econbiz.de/10009652871

Distributional Effects of Means Testing Social Security: An Exploratory Analysis

Gustman, Alan L.; Steinmeier, Thomas; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2014

considered: total wealth; an annualized measure of AIME; the wealth value of pensions; and a measure of average indexed lifetime … W2 earnings. The empirical analysis is based on data from the Health and Retirement Study. These means tests would …

Persistent link: https://www.econbiz.de/10010951055

Extending Life Cycle Models of Optimal Portfolio Choice: Integrating Flexible Work, Endogenous Retirement, and Investment Decisions with Lifetime Payouts

Mitchell, Olivia; Chai, Jingjing; Horneff, Wolfram; … - National Bureau of Economic Research (NBER) - 2009

consumer who can select her hours of work and also her retirement age. Using a realistically-calibrated model with stochastic … work effort by the young; and markedly enhances lifetime welfare. Also, introducing annuities leads to earlier retirement … as well as sensible retirement age patterns. …

Persistent link: https://www.econbiz.de/10004980314

Insurance Markets for the Elderly

Fang, Hanming - National Bureau of Economic Research (NBER) - 2014

We describe the risks faced by the ageing population and survey the corresponding insurance markets for these risks. We focus on income risk, health expenditure risk, long-term care expenditure risk and mortality risk. We also discuss the interactions between social insurance and private...

Persistent link: https://www.econbiz.de/10010950891