Behavioral Dimensions Of Retirement Economics

Author : Henry Aaron
Publisher : Brookings Institution Press
Page : 311 pages
File Size : 52,7 Mb
Release : 2010-12-01
Category : Business & Economics
ISBN : 9780815705536

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Behavioral Dimensions of Retirement Economics by Henry Aaron Pdf

Deciding when and how to retire are among the most important decisions most people make. Can they be depended on to plan with foresight and make sound decisions? According to standard economic analysis the answer is a qualified "yes." But studies by psychologists, sociologists, and economists themselves raise doubts about this comforting appraisal. This volume by analysts trained in economics and other disciplines suggests that retirement planning and decisions fall far short of the rational ideal. Gary Burtless explains what economic research has to say about retirement behavior. Annamaria Lusardi reports that many people in their fifties and older say they have not even thought about retirement. Mathey Rabin and Ted O'Donoghue show that procrastination can cause huge economic losses. Robert Axtell and Joshua Epstein show that herd behavior explains observed patterns of retirement behavior better than does the assumption of rational decisionmaking. George Loewenstein, Drazen Prelec, and Roberto Weber report that many people incorrectly anticipate what retirement will be like and rationalize whatever decision they have made. David Fetherstonhaugh and Lee Ross report experimental evidence that the effect of Social Security provisions may depend on how these policies are "framed" as well as on the specific content of those policies. These and other authors also explore the broader implications of these behavioral patterns. Copublished with Russell Sage Foundation

Author : Henry J. Aaron
Publisher : Brookings Inst Press
Page : 289 pages
File Size : 51,8 Mb
Release : 1999
Category : Business & Economics
ISBN : 0815700636

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Behavioral Dimensions of Retirement Economics by Henry J. Aaron Pdf

Deciding when and how to retire are among the most important decisions most people make. This volume by analysts trained in economics and other disciplines suggests that retirement planning and decisions fall far short of the rational ideal.

Author : Henry Aaron
Publisher : Brookings Institution Press
Page : 316 pages
File Size : 47,7 Mb
Release : 2010-12-01
Category : Business & Economics
ISBN : 0815705530

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Behavioral Dimensions of Retirement Economics by Henry Aaron Pdf

Deciding when and how to retire are among the most important decisions most people make. Can they be depended on to plan with foresight and make sound decisions? According to standard economic analysis the answer is a qualified "yes." But studies by psychologists, sociologists, and economists themselves raise doubts about this comforting appraisal. This volume by analysts trained in economics and other disciplines suggests that retirement planning and decisions fall far short of the rational ideal. Gary Burtless explains what economic research has to say about retirement behavior. Annamaria Lusardi reports that many people in their fifties and older say they have not even thought about retirement. Mathey Rabin and Ted O'Donoghue show that procrastination can cause huge economic losses. Robert Axtell and Joshua Epstein show that herd behavior explains observed patterns of retirement behavior better than does the assumption of rational decisionmaking. George Loewenstein, Drazen Prelec, and Roberto Weber report that many people incorrectly anticipate what retirement will be like and rationalize whatever decision they have made. David Fetherstonhaugh and Lee Ross report experimental evidence that the effect of Social Security provisions may depend on how these policies are "framed" as well as on the specific content of those policies. These and other authors also explore the broader implications of these behavioral patterns. Copublished with Russell Sage Foundation

Author : National Research Council,Division of Behavioral and Social Sciences and Education,Commission on Behavioral and Social Sciences and Education,Panel on Retirement Income Modeling
Publisher : National Academies Press
Page : 287 pages
File Size : 48,6 Mb
Release : 1996-07-30
Category : Social Science
ISBN : 9780309175258

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Assessing Knowledge of Retirement Behavior by National Research Council,Division of Behavioral and Social Sciences and Education,Commission on Behavioral and Social Sciences and Education,Panel on Retirement Income Modeling Pdf

This book brings together in one volume what researchers have learned about workers, employers, and retirees that is important for formulating retirement income policies. As the U.S. population ages, there is increasing uncertainty about the solvency of the Social Security and Medicare systems and the adequacy of private pensions to provide for people's retirement needs. The volume covers such critical behaviors as workers' decisions to retire, people's choices of saving over consumption, and employers' decisions about hiring older workers and providing pension and health care benefits. Also covered are trends in mortality, health status, and health care costs that are key to projecting the likely costs and effects of alternative retirement income security policies and a strategy for combining data and research knowledge into a policy modeling framework.

Author : Olivia S. Mitchell,Stephen P. Utkus
Publisher : OUP Oxford
Page : 320 pages
File Size : 45,7 Mb
Release : 2004-07-15
Category : Business & Economics
ISBN : 9780191534249

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Pension Design and Structure by Olivia S. Mitchell,Stephen P. Utkus Pdf

Employees are increasingly asked to make sophisticated decisions about their pension and healthcare plans. Yet recent research shows that the decisions 'real' people make are often not those of the careful and well-informed economic agent conventionally portrayed in economic research. Rather, decision-makers tend to operate with flawed information and make some of the most critical financial decisions of their lives lacking a full understanding of the options before them and the implications of their decisions. Pension Design and Structure explores the assumptions behind commonly-held theories of retirement decision-making, in order to draw out the consequences of frontier research in behavioral finance and economics for those interested in better design and structure of retirement pensions. Using large datasets newly provided by financial service firms and real-world experiments, this volume tests the hypotheses of this research. This is the first book to explore the implications of behavioral finance research for pensions and retirement studies. The authors blend cutting-edge research from several fields including Finance, Economics, Management, Sociology, and Psychology. The book will be of interest to pension plan participants and sponsors, financial service groups responsible for pensions, and retirement system regulators.

Author : Henry J. Aaron,Gary T. Burtless
Publisher : Washington, D.C. : Brookings Institution
Page : 376 pages
File Size : 50,9 Mb
Release : 1984
Category : Business & Economics
ISBN : STANFORD:36105037614521

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Retirement and Economic Behavior by Henry J. Aaron,Gary T. Burtless Pdf

Conference papers on economic implications and aspects of retirement in the USA - examines the effects of private pension schemes and maintenance of acquired rightss, the correlation between early retirement and health, social security, and unemployment, the labour force participation of retired workers, standard of living and housing of older people, effect of population dynamics on old age benefit policy, saving behaviour, and retirement income projections to 2020. References. Conference held in Washington 1982 Oct 21 and 22.

Author : Ivonne Honekamp
Publisher : University of Bamberg Press
Page : 305 pages
File Size : 42,8 Mb
Release : 2014-07-03
Category : Electronic
ISBN : 9783863092290

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Survey-Based Study on Partial Aspects of Retirement Decisions of Private Persons in Germany by Ivonne Honekamp Pdf

Author : James A. Mirrlees,Stuart Adam
Publisher : Oxford University Press
Page : 1360 pages
File Size : 47,7 Mb
Release : 2010-04-29
Category : Business & Economics
ISBN : 9780199553754

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Dimensions of Tax Design by James A. Mirrlees,Stuart Adam Pdf

The Review was chaired by Nobel Laureate Professor Sir James Mirrlees of the University of Cambridge and the Chinese University of Hong Kong. --

Author : Jeffrey R. Brown,Jeffrey B. Liebman,David A. Wise
Publisher : University of Chicago Press
Page : 473 pages
File Size : 53,7 Mb
Release : 2009-12-15
Category : Business & Economics
ISBN : 9780226076508

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Social Security Policy in a Changing Environment by Jeffrey R. Brown,Jeffrey B. Liebman,David A. Wise Pdf

Social Security Policy in a Changing Environment analyzes the changing economic and demographic environment in which social insurance programs that benefit elderly households will operate. It also explores how these ongoing trends will affect future beneficiaries, under both the current social security program and potential reform options. In this volume, an esteemed group of economists probes the challenge posed to Social Security by an aging population. The researchers examine trends in private sector retirement saving and health care costs, as well as the uncertain nature of future demographic, economic, and social trends—including marriage and divorce rates and female participation in the labor force. Recognizing the ambiguity of the environment in which the Social Security system must operate and evolve, this landmark book explores factors that policymakers must consider in designing policies that are resilient enough to survive in an economically and demographically uncertain society.

Author : Anonim
Publisher : Elsevier
Page : 748 pages
File Size : 43,8 Mb
Release : 2018-09-27
Category : Business & Economics
ISBN : 9780444633897

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Handbook of Behavioral Economics - Foundations and Applications 1 by Anonim Pdf

Handbook of Behavioral Economics: Foundations and Applications presents the concepts and tools of behavioral economics. Its authors are all economists who share a belief that the objective of behavioral economics is to enrich, rather than to destroy or replace, standard economics. They provide authoritative perspectives on the value to economic inquiry of insights gained from psychology. Specific chapters in this first volume cover reference-dependent preferences, asset markets, household finance, corporate finance, public economics, industrial organization, and structural behavioural economics. This Handbook provides authoritative summaries by experts in respective subfields regarding where behavioral economics has been; what it has so far accomplished; and its promise for the future. This taking-stock is just what Behavioral Economics needs at this stage of its so-far successful career. Helps academic and non-academic economists understand recent, rapid changes in theoretical and empirical advances within behavioral economics Designed for economists already convinced of the benefits of behavioral economics and mainstream economists who feel threatened by new developments in behavioral economics Written for those who wish to become quickly acquainted with behavioral economics

Author : K. Warner Schaie, PhD,Laura L. Carstensen, PhD
Publisher : Springer Publishing Company
Page : 258 pages
File Size : 46,9 Mb
Release : 2006-07-06
Category : Social Science
ISBN : 0826124127

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Social Structures, Aging, and Self-Regulation in the Elderly by K. Warner Schaie, PhD,Laura L. Carstensen, PhD Pdf

This collection considers ways in which societal contexts influence aging by influencing self-regulatory processes. No one doubts that the social contexts in which individuals develop exert strong influence on life trajectories. Those born into environments that provide high quality education, supportive social relations, and economic assets do better in old age than those born into environments bereft of such resources. The extent of this influence, however, is only beginning to be revealed. Recent research shows that life experiences influence basic brain structures (e.g. the effect of musical training on neural organization) and functions (e.g. inflammatory processes), and that social embeddedness may even protect against Alzheimer's disease. Similarly, education increasingly appears to have a "real" effect on neural integrity. Thus, societal contexts may not simply open or close doors for individuals, but may influence self-regulatory processes at the most basic levels of functioning. Although social structures are generally seen as the independent variables that affect individual aging, it is also possible to think of a lifetime development of self-regulatory processes leading to behaviors in old age that can have impact on and modify societal structures. Two parts of this book consider self-regulation as the dependent variable, asking how social contexts influence cognitive, emotional, and self-regulatory processes. The third part reverses the question, treating self-regulation as the independent variable and retirement and physical health as dependent variables. In this part, consideration is given to how the effectiveness of self-regulation influences physical and economic outcomes in old age.

Author : Anonim
Publisher : Unknown
Page : 108 pages
File Size : 45,8 Mb
Release : 2007
Category : Older people
ISBN : WISC:89119734713

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Growing Older in America by Anonim Pdf

Author : Henry Aaron,James M. Lindsay,Pietro S. Nivola
Publisher : Rowman & Littlefield
Page : 604 pages
File Size : 55,8 Mb
Release : 2003-07-29
Category : Political Science
ISBN : 0815796056

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Agenda for the Nation by Henry Aaron,James M. Lindsay,Pietro S. Nivola Pdf

More powerful and affluent today than ever, the United States has promising opportunities to influence the course of history. Yet these prospects are shadowed by significant perils and burdens. In this visionary book, leading scholars from the Brookings Institution and other prominent research organizations and universities analyze the major domestic and foreign policy problems facing the nation over the next five to ten years. The challenges on the domestic front are formidable: assuring fair but affordable access to health care, shoring up retirement income for an aging population, encouraging long-term economic growth, easing the growing pains of an increasingly diverse society, and reconciling energy policies with environmental concerns. In international affairs the central task is to use America's unprecedented power wisely and to protect a homeland that has been revealed as surprisingly vulnerable. Yet efforts must also focus on improving the economic fortunes of poorer countries, expanding trade, and reforming the rules that regulate the flows of capital across national borders. Is the United States government capable of rising to these vast and varied challenges? The concluding chapters of this book offer cautious optimism. While it is often criticized, the American political system is fundamentally resilient and flexible. Ambitious in scope, Agenda for the Nation provides thoughtful, constructive answers to questions of how the U.S. government can effectively serve its citizens and meet its global responsibilities in a world of opportunity and uncertainty.

Author : Mike Rose
Publisher : Kaplan Publishing
Page : 0 pages
File Size : 40,6 Mb
Release : 2006-10-04
Category : Business & Economics
ISBN : 1419526952

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The Retirement Decision by Mike Rose Pdf

Workers who participate in company sponsored 401(k) plans are diligently saving and investing for their anticipated retirements as the country quietly moves away from the world of comprehensive government guardianship to a more modern notion of "ownership society."

Author : Colin F. Camerer,George Loewenstein,Matthew Rabin
Publisher : Princeton University Press
Page : 769 pages
File Size : 40,5 Mb
Release : 2011-12-12
Category : Business & Economics
ISBN : 9781400829118

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Advances in Behavioral Economics by Colin F. Camerer,George Loewenstein,Matthew Rabin Pdf

Twenty years ago, behavioral economics did not exist as a field. Most economists were deeply skeptical--even antagonistic--toward the idea of importing insights from psychology into their field. Today, behavioral economics has become virtually mainstream. It is well represented in prominent journals and top economics departments, and behavioral economists, including several contributors to this volume, have garnered some of the most prestigious awards in the profession. This book assembles the most important papers on behavioral economics published since around 1990. Among the 25 articles are many that update and extend earlier foundational contributions, as well as cutting-edge papers that break new theoretical and empirical ground. Advances in Behavioral Economics will serve as the definitive one-volume resource for those who want to familiarize themselves with the new field or keep up-to-date with the latest developments. It will not only be a core text for students, but will be consulted widely by professional economists, as well as psychologists and social scientists with an interest in how behavioral insights are being applied in economics. The articles, which follow Colin Camerer and George Loewenstein's introduction, are by the editors, George A. Akerlof, Linda Babcock, Shlomo Benartzi, Vincent P. Crawford, Peter Diamond, Ernst Fehr, Robert H. Frank, Shane Frederick, Simon Gächter, David Genesove, Itzhak Gilboa, Uri Gneezy, Robert M. Hutchens, Daniel Kahneman, Jack L. Knetsch, David Laibson, Christopher Mayer, Terrance Odean, Ted O'Donoghue, Aldo Rustichini, David Schmeidler, Klaus M. Schmidt, Eldar Shafir, Hersh M. Shefrin, Chris Starmer, Richard H. Thaler, Amos Tversky, and Janet L. Yellen.