Retirement, expectations and realizations PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Retirement, expectations and realizations PDF full book. Access full book title Retirement, expectations and realizations by Mauro Mastrogiacomo. Download full books in PDF and EPUB format.
Author: Mauro Mastrogiacomo
Publisher: Rozenberg Publishers
ISBN: 9051707886
Category :
Languages : en
Pages : 175
Get Book Here
Book Description
Author: Mauro Mastrogiacomo
Publisher: Rozenberg Publishers
ISBN: 9051707886
Category :
Languages : en
Pages : 175
Get Book Here
Book Description
Author: Debra Sabatini Dwyer
Publisher:
ISBN:
Category : Retirement
Languages : en
Pages : 13
Get Book Here
Book Description
Author: B. Douglas Bernheim
Publisher:
ISBN:
Category : Old age pensions
Languages : en
Pages : 27
Get Book Here
Book Description
In this paper, I employ data drawn from the Social Security Administration's Retirement History Survey (RHS) to study the accuracy of expectations concerning the timing of retirement. The RHS is ideally suited for this purpose, in that it collects information on retirement plans, and follows respondents through time so that one can identify actual dates of retirement. The data are consistent with the view that, when asked to report an expected date of retirement, individuals name the most likely date (i.e. a mode, rather than a mean). Furthermore, these forecasts are highly accurate. There is very little evidence that individuals' expectations were systematically biased during periods in which Congress legislated large real increases in social security benefits. This suggests either that the benefit increaser were anticipated, or that unanticipated changes in benefits have little effect on retirement. The paper also describes differences in the accuracy of expectations by population subgroup.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Nicole Maestas
Publisher:
ISBN:
Category : Age
Languages : en
Pages :
Get Book Here
Book Description
This paper analyzes a puzzling aspect of retirement behavior known as "unretirement," in which retirees appear to reverse their retirement decisions and return to work. The author explores two possible explanations: 1) unretirement transitions are largely unexpected, resulting from failures in planning or financial shocks; and 2) unretirement transitions are an expected part of a more complex retirement process. Using data from the Health and Retirement Study, she shows that nearly one-half of retirees follow a nontraditional retirement path that involves partial retirement or unretirement, and that 24 percent of retirees later unretire. The unretirement rate rises as high as 36 percent among the youngest retirees. Using data on expectations and realizations of work during retirement, she shows that unretirement was anticipated for the vast majority (80 percent) of those returning to work. Most retirees formed accurate expectations about working after retirement, and only nine percent expected not to work but in fact did so. If anything, expectations err on the side of excessive pessimism about retirement rather than uninformed optimism. In short, the evidence suggests unretirement is not predominantly a response to negative shocks arriving after retirement, but instead represents an alternative retirement path, much like partial retirement.
Author: Mauro Mastrogiacomo
Publisher:
ISBN:
Category :
Languages : en
Pages : 39
Get Book Here
Book Description
Author: B. Douglas Bernheim
Publisher:
ISBN:
Category : Economic security
Languages : en
Pages : 47
Get Book Here
Book Description
I employ data drawn from the Retirement History Survey to study the accuracy of pre-retirement expectations concerning social security benefits. The major findings of this study are as follows. First, survey responses to questions about expected benefits are reasonably noisy. However, when one properly filters out the noise, reported forecasts appear to explain roughly 60% of the variance in realizations. Second, consumers do not form expectations on the basis of all available information. Proper adjustment of forecasts for information contained in concurrent social security entitlements could reduce the residual forecast error variance by roughly 15%. The potential gains from incorporating other information are minimal. Third, individuals do not ignore or forget information which they have used in the past, and they tend to form all expectations on the basis of the same information. Fourth, expectations are highly accurate, given the information that people do use. Extreme optimism is uncommon. Surprisingly, expectations were not abnormally inaccurate during periods of rapid legislative change. Fifth, of various population subgroups, widows and single women tend to make both the most conservative and most accurate forecasts. Married men are least conservative and least accurate. Accuracy and conservativism are not systematically related to wealth or education. Finally, individual behavior appears to conform more closely to the predictions of theory as retirement approaches
Author: JeongHwa Ho
Publisher:
ISBN:
Category :
Languages : en
Pages : 23
Get Book Here
Book Description
Author: B. Joyce Prothero
Publisher:
ISBN:
Category : Retirement
Languages : en
Pages : 202
Get Book Here
Book Description
Author: Joseph "Jay" Totter
Publisher: Outskirts Press
ISBN: 1977226051
Category : Business & Economics
Languages : en
Pages : 178
Get Book Here
Book Description
What comes to mind when you think of retirement? An age? A date? A budget? Do you regard it as a reward for work well done or the inevitable end of a life well lived? What do you envision doing once you are no longer working? If any of these questions seem daunting, this is the book for you. The author, an experienced and skilled human resources administrator, frequently encountered individuals who had not done any retirement planning beyond selecting a date and estimating a budget. He also discovered how limited the retirement literature was with most of it focused on the financial aspects to the exclusion of a myriad of other factors that go into creating a satisfying retirement. Thus began a two-year journey of research and writing to create Discover the Right Retirement for You, the most comprehensive guide to retirement planning currently available. Carefully crafted to be used by the 44 million Baby Boomers who are retiring at the astonishing rate of 10,000 each day, this remarkable resource contains comprehensive information written in comprehendible language about the many components of retirement and connects the reader to others like themselves. It is a reference book with facts and figures, a workbook with worksheets for self-inventory and reflection, and a storybook with anecdotes about retirement expectations and experiences. Distilled from extensive interviews with people just like you, Discover the Right Retirement for You invites you to explore retirement from such diverse perspectives as its effect on your health, self-image, and family, while also addressing the financial aspects. Whether retirement is right around the corner or a few years away, this is the guidebook you need to create the right retirement for you.
