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Who Values the Social Security Annuity? New Evidence on the Annuity Puzzle

Brown, Jeffrey R. - 2008

We examine individuals' self-reported willingness to exchange part of their Social Security inflation-indexed annuity benefit for an immediate lump-sum payment, using an experimental module in the 2004 Health and Retirement Study. Our first finding is that nearly three out of five respondents...

Persistent link: https://www.econbiz.de/10012772743

Fertility and Social Security

Boldrin, Michele; De Nardi, Mariacristina; Jones, Larry E. - 2021

fertility. What type of model is consistent with this finding? We explore this question using two models of fertility, the one … them with old age transfers. The effect of increases in government provided pensions on fertility in the Barro and Becker … model is very small, and inconsistent with the empirical findings. The effect on fertility in the Boldrin and Jones model is …

Persistent link: https://www.econbiz.de/10013223341

Aggregate Fertility and Household Savings : A General Equilibrium Analysis Using Micro Data

Banerjee, Abhijit V. - 2014

critical for understanding the relationship between aggregate fertility and household savings. First, we document that parents … perceive children as an important source of old-age support and that, in partial equilibrium (PE), increased fertility lowers … aggregate fertility on household savings …

Persistent link: https://www.econbiz.de/10013053493

The Old Age Security Hypothesis and Population Growth

Willis, Robert J. - 2022

developing countries. This paper presents a theoretical model which integrates micro-level decision making about fertility and …

Persistent link: https://www.econbiz.de/10013309359

A Positive Theory of Social Security

Tabellini, Guido Enrico - 2014

In many countries. social security is a large fraction of the government budget. Why is it, given that at any moment in time the number of recipients of social security benefits is smaller than the number of contributors? Kore generally, what determines the size of social security? To answer...

Persistent link: https://www.econbiz.de/10014157873

The Effects of Non-Contributory Pensions on Material and Subjective Well Being

Bando, Rosangela - 2017

Public expenditures on non-contributory pensions are equivalent to at least 1 percent of GDP in several countries in Latin America and is expected to increase. We explore the effect of non-contributory pensions on the well-being of the beneficiary population by studying the Pension 65 program in...

Persistent link: https://www.econbiz.de/10012966604

Social Security Claiming Decisions : Survey Evidence

Shoven, John B. - 2017

While research shows that there are large gains in lifetime wealth from delaying claiming Social Security, most people claim at or before full retirement age. We fielded an original, nationally representative survey to gain insight into people's rationales for their Social Security claiming...

Persistent link: https://www.econbiz.de/10012948922

Nudging Retirement Savings : A Field Experiment on Supplemental Plans

Clark, Robert L. - 2017

Although supplemental saving plans can be an important part of an individual's financial security in retirement, contribution rates remain low, particularly among those with lower salaries and less education. We report findings from a field experiment that distributed an informational nudge...

Persistent link: https://www.econbiz.de/10012949441

Debt and Financial Vulnerability on the Verge of Retirement

Lusardi, Annamaria - 2017

We analyze older individuals' debt and financial vulnerability using data from the Health and Retirement Study (HRS) and the National Financial Capability Study (NFCS). Specifically, in the HRS we examine three different cohorts (individuals age 56–61) in 1992, 2004, and 2010 to evaluate...

Persistent link: https://www.econbiz.de/10012949943

Pathways to Retirement Through Self-Employment

Ramnath, Shanthi - 2017

We examine the role of self-employment in retirement transitions using a panel of administrative tax data. We find that the hazard of self-employment increases at popular retirement ages associated with Social Security eligibility, particularly for those with greater retirement wealth....

Persistent link: https://www.econbiz.de/10012953008