2001
Social Security, Pensions and Retirement Behavior Within the Family
WP 2001-018 , UM00-01
This paper further extends our efforts to understand how household decisionmaking works and the relation of decisions made within the household to incentives from Social Security and pensions. A structural model of family retirement decision making is estimated using U.S.…
Download: Working Paper
View: Abstract
View: Abstract
Stochastic Rates of Return for Social Security Under Various Policy Scenarios
WP 2001-010 , UM00-03
In this paper, we compute distributions of rates of return by cohort for the Social Security retirement system, using a combination of historical data and stochastic forecasts of productivity and mortality rates. Since our forecasts of productivity and mortality are…
Download: Working Paper
View: Abstract
View: Abstract
Cognition and Wealth: The Importance of Probabilistic Thinking
WP 2001-007 , UM00-04
This paper utilizes a large set of subjective probability questions from the Health and Retirement Survey to construct an index measuring the precision of probabilistic beliefs (PPB) and relates this index to household choices about the riskiness of their portfolios…
Download: Working Paper
View: Abstract
View: Abstract
Eligibility for Social Security Disability Insurance
WP 2001-011 , UM00-06
In order to understand whom among the non-disabled older population experiences a health problem later in life and applies for Social Security Disability Insurance, it is necessary to investigate patterns of coverage and reasons for non-coverage. This paper shows that…
Download: Working Paper
View: Abstract
View: Abstract
Imperfect Knowledge, Retirement and Saving
WP 2001-012 , UM00-08
Using data from the Health and Retirement Study, this paper measures knowledge about future social security and pension benefits by comparing respondent reports of their expected benefits with benefits calculated from social security earnings records and employer provided descriptions of…
Download: Working Paper
View: Abstract
View: Abstract
Modeling the Macroeconomic Implications of Social Security Reform
WP 2001-015 , UM00-11
Download: Working Paper
Wealth, Inequality, and Altruistic Bequests
WP 2001-017 , UM00-11
This paper examines the role of bequests and inter vivos gifts in the U.S. economy, considering their importance in determining (i) the economy’s aggregate capital stock, (ii) the distribution of private net worth, and (iii) public policy outcomes and options.…
Download: Working Paper
View: Abstract
View: Abstract