Retirement and Wealth

WP 2000-002 , UM99-02
This paper analyzes the relationship between retirement and wealth. In a simple model where the only heterogeneity is in leisure preference, other things the same, those who retire early accumulate more wealth while still working, enabling them to support themselves…

How Effective is Redistribution Under the Social Security Benefit Formula?

WP 2000-005 , UM99-04
This paper uses earnings histories from the Social Security Administration, linked to the survey responses for participants in the Health and Retirement Study, to investigate redistribution under the current social security benefit formula. As advertised, own benefits are significantly redistributed…



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