Alfred P. Sloan: Working Longer (Topic)最新文献

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The New Lifecycle of Women's Employment: Disappearing Humps, Sagging Middles, Expanding Tops 女性就业的新生命周期:驼峰消失,中间下垂,顶部扩大
Alfred P. Sloan: Working Longer (Topic) Pub Date : 2016-12-01 DOI: 10.1257/JEP.31.1.161
C. Goldin, Joshua W. Mitchell
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引用次数: 109
The Response of Consumer Spending to Changes in Gasoline Prices 消费者支出对汽油价格变化的反应
Alfred P. Sloan: Working Longer (Topic) Pub Date : 2016-12-01 DOI: 10.3386/w22969
Michael Gelman, Y. Gorodnichenko, Shachar Kariv, Dmitri K. Koustas, M. Shapiro, Dan Silverman, S. Tadelis
{"title":"The Response of Consumer Spending to Changes in Gasoline Prices","authors":"Michael Gelman, Y. Gorodnichenko, Shachar Kariv, Dmitri K. Koustas, M. Shapiro, Dan Silverman, S. Tadelis","doi":"10.3386/w22969","DOIUrl":"https://doi.org/10.3386/w22969","url":null,"abstract":"This paper estimates how overall consumer spending responds to changes in gasoline prices. It uses the differential impact across consumers of the sharp drop in gasoline prices in 2014 for identification. This estimation strategy is implemented using comprehensive, high-frequency, transaction-level data for a large panel of individuals. The average estimated marginal propensity to consume (MPC) out of unanticipated, permanent shocks to income is approximately one. This estimate accounts for the elasticity of demand for gasoline and potential slow adjustment to changes in prices. The high MPC implies that changes in gasoline prices have large aggregate effects. (JEL D12, G51, L11, L71, L81, Q35)","PeriodicalId":7504,"journal":{"name":"Alfred P. Sloan: Working Longer (Topic)","volume":"9 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2016-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89139005","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: 18
The Great Recession, Retirement and Related Outcomes 大衰退、退休和相关结果
Alfred P. Sloan: Working Longer (Topic) Pub Date : 2015-02-01 DOI: 10.3386/W20960
{"title":"The Great Recession, Retirement and Related Outcomes","authors":"","doi":"10.3386/W20960","DOIUrl":"https://doi.org/10.3386/W20960","url":null,"abstract":"This paper uses data from the Health and Retirement Study to examine retirement and related labor market outcomes for the Early Boomer cohort, those in their mid-fifties at the onset of the Great Recession. Outcomes are then compared with older cohorts at the same age. The Great Recession increased their probability of being laid off and the length of time it took to find other full-time employment. Differences in layoffs between those affected by the recession and members of older cohorts in turn accounted for almost the entire difference between cohorts in employment change with age. The Great Recession does not appear, however, to have depressed the wages in subsequent jobs for those who experienced a layoff. In 2010, 17 percent of the Early Boomers were Not Working and Not Retired or Partially Retired, and 6 percent were unemployed, leaving at least 9 percent who were not working and not unemployed but not retired or only partially retired. At the recession’s peak, half of those who experienced a layoff ended up in the Not Retired or Partially Retired, Not Working category. But only a quarter of those who declared themselves to be Not Retired or Partially Retired, and were Not Working, had experienced a layoff. Most of the jump in Not Retired or Partially Retired, Not Working appears to reflect a change in expectations about the potential or need for future work, a change that is not the result of an actual job loss.","PeriodicalId":7504,"journal":{"name":"Alfred P. Sloan: Working Longer (Topic)","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2015-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88802575","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: 1
When Does it Pay to Delay Social Security? The Impact of Mortality, Interest Rates, and Program Rules 推迟社会保障何时值得?死亡率、利率和计划规则的影响
Alfred P. Sloan: Working Longer (Topic) Pub Date : 2012-07-01 DOI: 10.3386/W18210
J. Shoven, S. Slavov
{"title":"When Does it Pay to Delay Social Security? The Impact of Mortality, Interest Rates, and Program Rules","authors":"J. Shoven, S. Slavov","doi":"10.3386/W18210","DOIUrl":"https://doi.org/10.3386/W18210","url":null,"abstract":"Social Security benefits may be commenced at any time between ages 62 and 70. As individuals who claim later can, on average, expect to receive benefits for a shorter period, an actuarial adjustment is made to the monthly benefit to reflect the age at which benefits are claimed. In earlier work (Shoven and Slavov, 2012), we investigated the actuarial fairness of this adjustment for individuals with average life expectancy for their cohort. We found that for current real interest rates, delaying is actuarially advantageous for a large subset of people, particularly for primary earners in married couples. In this paper, we quantify the degree of actuarial advantage or disadvantage for individuals whose mortality differs from the average. We find that at real interest rates close to zero, most households - even those with mortality rates that are twice the average - benefit from some delay, at least for the primary earner. At real interest rates closer to their historical average, however, singles with mortality that is substantially greater than average do not benefit from delay; however, primary earners with high mortality can still improve the present value of the household's benefits through delay. We also investigate the extent to which the actuarial advantage of delay has grown since the early 1960s, when the choice of when to claim first became available, and we decompose this growth into three effects: (1) the effect of changes in Social Security's rules, (2) the effect of changes in the real interest rate, and (3) the effect of changes in life expectancy.","PeriodicalId":7504,"journal":{"name":"Alfred P. Sloan: Working Longer (Topic)","volume":"181 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2012-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88087322","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: 23
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