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Stated versus inferred beliefs: A methodological inquiry and experimental test

Rutstrom, E. Elizabet; Wilcox, Nathaniel - Volkswirtschaftliche Fakultät, … - 2008

If asking subjects their beliefs during repeated game play changes the way those subjects play, using those stated … beliefs to evaluate and compare theories of strategic behavior is problematic. We experimentally verify that belief … the goodness of fit of structural models of belief learning, and the prior beliefs implied by such structural models are …

Persistent link: https://www.econbiz.de/10005835418

Financial Sustainability of Pension Systems in the European Union

Bayar, Yılmaz - In: European Research Studies Journal XVI (2013) 3, pp. 46-70

Increases in life expectancy together with the decreases in fertility rates are predicted to make financing of public pension systems hard in an environment which some Eurozone member countries have had serious problems in their public finance, in the coming 50 years. European Union member...

Persistent link: https://www.econbiz.de/10011031781

Have You Heard the News? How Real-Life Expectations React to Publicity

van der Wiel, Karen - Institute for the Study of Labor (IZA) - 2009

As evidence is accumulating that subjective expectations influence behavior and that these expectations are sometimes biased, it becomes policy-relevant to know how to influence individuals' expectations. Information in the media is likely to affect how people picture the future. This paper...

Persistent link: https://www.econbiz.de/10004969323

The Effect of Pension Design on Employer Costs and Employee Retirement Choices: Evidence from Oregon

Chalmers, John; Johnson, Woodrow T.; Reuter, Jonathan - National Bureau of Economic Research (NBER) - 2012

Oregon's Public Employees Retirement System (PERS) is a rich setting in which to study the effect of pension design on employer costs and employee retirement-timing decisions. PERS pays retirees the maximum benefit calculated using three formulas that can be characterized as defined benefit...

Persistent link: https://www.econbiz.de/10010969253

The Perception Of Social Security Incentives For Labor Supply And Retirement: The Median Voter Knows More Than You'd Think

Liebman, Jeffrey B.; Luttmer, Erzo F.P. - National Bureau of Economic Research (NBER) - 2014

The degree to which the Social Security tax distorts labor supply depends on the extent to which individuals perceive the link between current earnings and future Social Security benefits. Some Social Security reform plans have been motivated by an assumption that workers fail to perceive this...

Persistent link: https://www.econbiz.de/10010969349

The effect of pension design on employer costs and employee retirement choices: Evidence from Oregon

Chalmers, John; Johnson, Woodrow T.; Reuter, Jonathan - In: Journal of Public Economics 116 (2014) C, pp. 17-34

We use administrative data from Oregon's Public Employees Retirement System (PERS) to study the effect of pension design on employer costs and employee retirement-timing decisions. During our 1990–2003 sample period, PERS calculates each member's retirement benefit using up to three different...

Persistent link: https://www.econbiz.de/10011056225

Would People Behave Differently If They Better Understood Social Security? Evidence From a Field Experiment

Liebman, Jeffrey B.; Luttmer, Erzo F.P. - National Bureau of Economic Research (NBER) - 2011

This paper presents the results of a field experiment in which a sample of older workers was randomized between a treatment group that was given information about key Social Security provisions and a control group that was not. The experiment was designed to examine whether it is possible to...

Persistent link: https://www.econbiz.de/10009220643

Financial Knowledge and Financial Literacy at the Household Level

Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2010

This paper uses data from the Health and Retirement Study to explore the mechanism that underlies the robust relation found in the literature between cognitive ability, and in particular numeracy, and wealth, income constant. We have a number of findings. First, the more valuable the pension,...

Persistent link: https://www.econbiz.de/10008685012

Inattentive Voters and Welfare-State Persistence

Bredemeier, Christian - Rheinisch-Westfälisches Institut für … - 2010

Welfare-state measures often tend to persist even when they seem to have become suboptimal due to changes in the economic environment. This paper proposes an information-based explanation for the persistence of the welfare state. I present a structural model where rationally inattentive voters...

Persistent link: https://www.econbiz.de/10008691987

The Construction of Morals

Chen, Daniel L.; Yeh, Susan - Interdisciplinary Center for Economic Science (ICES), … - 2013

. Workers update beliefs about the prevalence of sexual activities differently in response to liberal or conservative decisions …

Persistent link: https://www.econbiz.de/10011266041