University of Michigan Retirement Research Center Research Paper Series最新文献_第3页

The Displacement Effect of Public Pensions on the Accumulation of Financial Assets 公共养老金对金融资产积累的置换效应

University of Michigan Retirement Research Center Research Paper Series Pub Date : 2009-09-01 DOI: 10.2139/ssrn.1510296

M. Hurd, P. Michaud, S. Rohwedder

引用次数: 0

Income, Material Hardship, and the Use of Public Programs Among the Elderly 老年人的收入、物质困难和公共项目的使用

University of Michigan Retirement Research Center Research Paper Series Pub Date : 2009-09-01 DOI: 10.2139/ssrn.1510302

Helen Levy

引用次数: 8

Retirement in a Life Cycle Model of Labor Supply with Home Production 家庭生产下劳动力供给生命周期模型下的退休

University of Michigan Retirement Research Center Research Paper Series Pub Date : 2009-08-01 DOI: 10.2139/ssrn.1478083

Richard Rogerson, Johanna Wallenius

引用次数: 13

The Efficiency of Pension Menus and Individual Portfolio Choice in 401(K) Pensions 401(K)养老金中养老金菜单和个人投资组合选择的效率

University of Michigan Retirement Research Center Research Paper Series Pub Date : 2009-08-01 DOI: 10.2139/ssrn.1478056

Ning Tang, O. Mitchell, Gary Mottola, Stephen Utkus

引用次数: 3

How Much Do Respondents in the Health and Retirement Study Know About Their Tax-Deferred Contribution Plans? A Cross-Cohort Comparison 健康和退休研究的受访者对他们的延税供款计划了解多少?跨队列比较

University of Michigan Retirement Research Center Research Paper Series Pub Date : 2008-12-01 DOI: 10.2139/SSRN.1510282

Irena Dushi, M. Honig

{"title":"How Much Do Respondents in the Health and Retirement Study Know About Their Tax-Deferred Contribution Plans? A Cross-Cohort Comparison","authors":"Irena Dushi, M. Honig","doi":"10.2139/SSRN.1510282","DOIUrl":"https://doi.org/10.2139/SSRN.1510282","url":null,"abstract":"We use information from Social Security earnings records to examine the accuracy of survey responses regarding participation in tax-deferred pension plans. As employer-provided defined benefit pensions are replaced by voluntary contribution plans, employees’ understanding of the link between their annual contribution decisions and their post-retirement wealth is becoming increasingly important. We examine the extent to which wage-earners in the Health and Retirement Study correctly report their inclusion in tax-deferred contribution plans and, conditional on inclusion, their annual contributions. We use two samples representing different cohorts in two different periods: the original HRS cohort interviewed in 1992 at ages 51-61, and a combination of the War Babies and Early Baby Boomer cohorts at the same ages interviewed twelve years later. Our findings indicate that while respondents interviewed in 2004 were more likely to report correctly whether they were included in DC plans, they were no more accurate in reporting whether they contributed to their plans than respondents interviewed in 1992. Respondents in both cohorts, moreover, overestimated their annual contributions. In both 1992 and in 2004, the mean absolute difference between respondent-reported and Social Security earnings record contributions was 1.5 times larger than the mean earnings record contribution.","PeriodicalId":164882,"journal":{"name":"University of Michigan Retirement Research Center Research Paper Series","volume":"28 6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128227510","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 15

Stylized Facts and Incentive Effects Related to Claiming of Retirement Benefits Based on Social Security Administration Data 基于社会保障管理数据的退休福利申领的风格化事实与激励效应

University of Michigan Retirement Research Center Research Paper Series Pub Date : 2008-10-01 DOI: 10.2139/ssrn.1338222

W. Kopczuk, Jae Song

{"title":"Stylized Facts and Incentive Effects Related to Claiming of Retirement Benefits Based on Social Security Administration Data","authors":"W. Kopczuk, Jae Song","doi":"10.2139/ssrn.1338222","DOIUrl":"https://doi.org/10.2139/ssrn.1338222","url":null,"abstract":"We rely on the Master Beneficiary File to document a number of facts regarding claiming of Social Security benefits and quality of date of birth data in administrative files. We then assess the impact of changes in retirement incentives that have taken place since 2000 on claiming. We find evidence of non-trivial misreporting or clerical errors in the dates of births that give rise to systematic patterns but nevertheless appear to be fairly random. We also confirm significant tendency to claim in January or on birthdays, but we find that these patterns are still sensitive to incentive effects. Relying on the discontinuity in the Early Entitlement Age that occurs for people born on the second day of any month, we find evidence that people do not have singlepeaked preferences over claiming age: relaxing the early retirement constraint leads to acceleration of retirement by some people for whom the constraint would not be otherwise binding. One possible explanation for this pattern is a preference for retiring at one's birthday. We take advantage of a change in the full retirement age and find that there remains unusually large (relative to other birthdays) number of people who claim around their 65th birthday, supporting the idea that Medicare eligibility has an impact on claiming retirement benefits. Finally, we confirm that elimination of the earnings test in 2000 for those above full retirement age accelerated retirements and find that it also led to a significant weakening of the January effect in that group, bolstering the idea that the January effect is sensitive to economic incentives.","PeriodicalId":164882,"journal":{"name":"University of Michigan Retirement Research Center Research Paper Series","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123040540","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 22

Deferred Annuities and Strategic Asset Allocation 递延年金及策略性资产配置

University of Michigan Retirement Research Center Research Paper Series Pub Date : 2008-09-01 DOI: 10.2139/ssrn.1286134

W. Horneff, R. Maurer

引用次数: 6

How Pension Rules Affect Work and Contribution Patterns: A Behavioral Model of the Chilean Privatized Pension System 养老金规则如何影响工作和缴费模式:智利私有化养老金制度的行为模型

University of Michigan Retirement Research Center Research Paper Series Pub Date : 2008-09-01 DOI: 10.2139/ssrn.1476959

Petra E. Todd, Viviana Velez-grajales

{"title":"How Pension Rules Affect Work and Contribution Patterns: A Behavioral Model of the Chilean Privatized Pension System","authors":"Petra E. Todd, Viviana Velez-grajales","doi":"10.2139/ssrn.1476959","DOIUrl":"https://doi.org/10.2139/ssrn.1476959","url":null,"abstract":"Chile has been at the forefront of pension reform, having switched in 1980 from a pay-as-you-go system to a fully funded privatized accounts system. The Chilean system served as a model for reform in many other Latin American countries and has also been considered by U.S. policy makers as a possible prototype for social security reform. Some of the criticisms of the Chilean system are low coverage rates and contributions rates among certain segments of the population. In 2006, the Chilean government proposed some reforms aimed at increasing coverage and contribution rates and expanding the safety net provided by the system to poor households. This study evaluates how changes in pension system rules affect working behavior and pension contribution patterns using data from a new Chilean household survey administered in 2002 and 2004 linked with administrative data from the pension regulatory agency. It develops and estimates a dynamic model of decision-making about working in the covered or uncovered sectors of the economy and studies implications for pension accumulations. The estimated model is used to simulate behavior under different pension system rules, such as a change in the number of years of contributions required for the minimum pension or a change in pension plan fees.","PeriodicalId":164882,"journal":{"name":"University of Michigan Retirement Research Center Research Paper Series","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130126077","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 9

Saving Among Low-Income Women: Motivation and Obstacles 低收入妇女的储蓄:动机与障碍

University of Michigan Retirement Research Center Research Paper Series Pub Date : 2008-09-01 DOI: 10.2139/SSRN.1338199

Helen Levy, Kristin S. Seefeldt

引用次数: 2

Adequacy of Economic Resources in Retirement and Returns-to-Scale in Consumption 退休经济资源的充分性与消费的规模回报

University of Michigan Retirement Research Center Research Paper Series Pub Date : 2008-05-01 DOI: 10.2139/ssrn.1157355

M. Hurd, S. Rohwedder

引用次数: 8