2009
Mortality Contingent Claims: Impact of Capital Market, Income, and Interest Rate Risk
WP 2009-222 , UM09-12
Mortality Contingent Claims: Impact of Capital Market, Income, and Interest Rate Risk
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Social Security Rules and Labor Force Participation of Older Workers: Evidence from Chile
WP 2008-202 , UM08-23
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How Much Do Respondents in the Health and Retirement Study Know About Their Tax-deferred Contribution Plans? A Crosscohort Comparison
WP 2008-201 , UM08-05
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…
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How Much Do Respondents in the Health and Retirement Study Know About Their Tax-deferred Contribution Plans? A Crosscohort Comparison
WP 2008-201 , UM08-05
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2008
Deconstructing Lifecycle Expenditure
WP 2008-173 , UM08-06
In this paper we revisit two well-known facts regarding lifecycle expenditures. The first is the familiar “hump” shaped lifecycle profile of nondurable expenditures. We document that the behavior of total nondurables masks surprising heterogeneity in the lifecycle profile of individual…
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How Much do People Know About Economics and Finance? Financial Illiteracy and the Importance of Financial Education
In the modern financial environment, it is especially important for households to have a high degree of financial savvy. However, as this brief demonstrates, there is widespread financial illiteracy with particularly vulnerable population segments. Many households are unfamiliar with even…
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