Examines changes in retirement wealth resulting from Mexico's transformation from its pay-as-you-go social-security system to a fully funded system with personal retirement accounts, including management fees.
Jan 29, 2014
The simple one-good model of life-cycle consumption requires that consumption be continuous over retirement; yet prior research based on partial measures of consumption or on synthetic panels indicates that spending drops at retirement, a result that has been called the retirement-consumption puzzle.
Nov 1, 2013
Measuring Total Household Spending in a Monthly Internet Survey: Evidence from the American Life Panel
Reports on the outcomes of a monthly Internet survey designed to measure total household spending as the aggregate of about 40 spending components.
Jul 20, 2012
Analyzes the relationships between actual stock market price changes and the subjective probability of price changes, and between the subjective probability of price changes and the likelihood of engaging in stock trading.
Jul 20, 2012
The overall goal of this chapter is to assess economic preparation for retirement in a way that addresses many of the deficiencies of the income replacement rate concept.
Jan 1, 2012
Defines and estimates measures of economic preparation for retirement based on an inventory of economic resources while taking into account the risk of living to advanced old age and the risk of high out-of-pocket spending for health care services.
Sep 27, 2011
Presents evidence from high-frequency data collections dedicated to tracking the effects of the financial crisis and great recession on American households.
Nov 23, 2010
Presents empirical evidence from the Health and Retirement Study Internet Survey and documents systematic variation in respondents' uncertainty about their future Social Security benefits by individual characteristics.
Sep 21, 2010
Features discuss retirement patterns of baby boomers, marijuana legalization, drug enforcement in Europe, and No Child Left Behind; news items cover the Gulf coast, food allergies, the U.S. health reform law, police benefits, and Pakistani militants.
Aug 14, 2010
Features discuss energy strategies for Israel, the economic recession, and Iran's leadership; other items discuss the KC-10 fleet, air pollution and hospital costs, no-fault insurance, silica litigation, poverty reduction, and political polarization.
Apr 9, 2010
Using cross-nationally comparable surveys of older persons in the United States, England, and 11 European countries, this paper proposes two mechanisms how retirement may lead to cognitive decline.
Nov 5, 2009
Reports survey findings on patterns of giving and receiving financial help among U.S. households in response to the economic crisis, and how these patterns vary by age and income.
May 22, 2009
Methodological Innovations in Collecting Spending Data: The HRS Consumption and Activities Mail Survey
Examines issues that arise designing a survey module to collect spending data with strict time constraints.
Dec 17, 2008
Examines the scope of cross-country variation in institutions related to social insurance.
Nov 24, 2008
Differential Mortality in Europe and the U.S.: Estimates Based on Subjective Probabilities of Survival
Proposes a new, less data-intensive approach relying on just a single cross-section of data to obtain reliable estimates of differential mortatlity in Europe and the United States.
Sep 8, 2008
The cover story contains 11 essays that forecast 11 ''issues over the horizon''; other articles discuss the invisible wounds of war, visions of the future, colleges in prisons, and nuclear deterrence for the modern age.
Aug 1, 2008
Presents findings from a test of an innovative visual representation of an Internet survey in the context of individuals' Social Security expectations.
Jun 26, 2008
Prediction of Latent Variables in a Mixture of Structural Equation Models, with an Application to the Discrepancy Between Survey and Register Data
Studies the prediction of latent variables in a finite mixture of linear structural equation models.
Jun 13, 2008
Examines panel data on total spending, nondurable spending, and food spending to explain patterns of decline in consumption for U.S. and British households after their members retire.
Apr 24, 2008
Presents data from the Health and Retirement Study, representative of the U.S. population age 51 and over, on time-use: paid work, housework, leisure, personal care, sleep, exercise, managing finances, time at computer, socializing, and volunteering.
Mar 21, 2007
Finds that the poverty rate based on consumption is lower than the income-based poverty rate, particularly for older single persons such as widows. The explanation for the difference is the ability to consume out of wealth.
Jan 11, 2007
Examines models of economic behavior to explain patterns of decline in consumption for U.S. and British households after their members retire.
Feb 6, 2006
Apr 4, 2005
Nov 23, 2004
Using three major U.K. pension reforms as natural experiments, the authors investigate the relationship between pension saving and discretionary private savings.
Jan 1, 2003
The goal of this chapter is to provide comparable evidence, based on microeconomic data sources, regarding the lifetimes savings profiles of households in the UK.
Jan 1, 2003
The authors find that data on anticipated consumption changes at retirement and on realized consumption changes following retirement show that reductions in consumption at retirement are fully anticipated.
Jan 1, 2003
The authors discuss in detail pension arrangements and their evolution over time.
Jan 1, 2001