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Older Women's Labor Market Attachment, Retirement Planning, and Household Debt

Lusardi, Annamaria - 2016

The goal of this paper is to ascertain whether older women's current and anticipated future labor force patterns have changed over time, and if so, to evaluate the factors associated with longer work lives and plans to continue work at older ages. Using data from both the Health and Retirement...

Persistent link: https://www.econbiz.de/10012983661

Explaining pension dynamics

Luzadis, Rebecca A. - In: Journal of human resources : JHR 26 (1991) 4, pp. 679-703

Persistent link: https://www.econbiz.de/10001117008

Financial Literacy and Retirement Planning in the United States

Lusardi, Annamaria - 2011

We examine financial literacy in the United States using the new National Financial Capability Study, wherein we demonstrate that financial literacy is particularly low among the young, women, and the less-educated. Moreover, Hispanics and African-Americans score the least well on financial...

Persistent link: https://www.econbiz.de/10013124228

Pensions and the U.S. Labor Market

Gustman, Alan L.; Mitchell, Olivia S. - 2021

market. Available evidence indicates that pensions must be viewed as part of a long-term employment relation. For this reason … and employment Combining information on employee characteristics, turnover and retirement patterns, company inputs and …-side information with employment and wage histories of employees …

Persistent link: https://www.econbiz.de/10013216869

Optimal social security claiming behavior under lump sum incentives : theory and evidence

Maurer, Raimond; Mitchell, Olivia S.; Rogalla, Ralph; … - 2019

Many Americans claim Social Security benefits early, though this leaves them with lower benefits throughout retirement. We build a lifecycle model that closely tracks claiming patterns under current rules, and we use it to predict claiming delays if, by delaying benefits, people received a lump...

Persistent link: https://www.econbiz.de/10012113838

Debt close to retirement and its implications for retirement well-being

Lusardi, Annamaria; Mitchell, Olivia S.; Oggero, Noemi - 2019

We analyze debt and debt management of Americans nearing retirement age. We show that older people have numerous financial obligations that can lead to financial distress. Using data from the 2015 National Financial Capability Study and an extensive literature review, we show that lack of...

Persistent link: https://www.econbiz.de/10012113856

Baby boomer retirement security: The roles of planning, financial literacy, and Housing wealth

Lusardi, Annamaria; Mitchell, Olivia S. - 2006

We compare wealth holdings across two cohorts of the Health and Retirement Study: the early Baby Boomers in 2004, and individuals in the same age group in 1992. Levels and patterns of total net worth have changed relatively little over time, though Boomers rely more on housing equity than their...

Persistent link: https://www.econbiz.de/10010298334

Financial literacy and retirement preparedness: Evidence and implications for financial education programs

Lusardi, Annamaria; Mitchell, Olivia S. - 2007

Economists are beginning to investigate the causes and consequences of financial illiteracy to better understand why retirement planning is lacking and why so many households arrive close to retirement with little or no wealth. Our review reveals that many households are unfamiliar with even the...

Persistent link: https://www.econbiz.de/10010298364

Financial literacy and retirement planning: New evidence from the Rand American Life Panel

Lusardi, Annamaria; Mitchell, Olivia S. - 2007

The present paper introduces a new dataset, the Rand American Life Panel (ALP), which offers several appealing features for an analysis of financial literacy and retirement planning. It allows us to evaluate financial knowledge during workers' prime earning years when they are making key...

Persistent link: https://www.econbiz.de/10010298382

The reaction of consumer spending and debt to tax rebates: Evidence from consumer credit data

Lusardi, Annamaria; Mitchell, Olivia S. - 2007

We use a new panel dataset of credit card accounts to analyze how consumer responded to the 2001 Federal income tax rebates. We estimate the monthly response of credit card payments, spending, and debt, exploiting the unique, randomized timing of the rebate disbursement. We find that, on...

Persistent link: https://www.econbiz.de/10010298384