Factors Affecting Labor Supply Decisions and Retirement Income PDF Download

Author:
Publisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 53

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Author: Robin L. Lumsdaine
Publisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 104

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Book Description
Recent policy has focused on alleviating poverty among the elderly, with varying degrees of success. Gains to some subsets of the elderly population have come at the expense of others. A component of the policy debate has been identifying factors which might influence labor force participation decisions and the effects such decisions will have on retirement income and its adequacy for a growing elderly population. While models of retirement behavior are becoming increasingly sophisticated, most fail to capture key elements such as expectations and uncertainty. This is in part due to the reduced form nature of policy experiments; parameters are estimated under a current policy and used to predict effects of an alternative scenario. Such an approach implicitly assumes that the only difference in the alternative setting is the change in policy and does not adequately account for endogeneity of decisions and responses to these changes. This paper reviews factors affecting the labor supply decision, their interactions with and implications for subsequent retirement income, and identifies important methods and data requirements necessary to model complicated dynamic behavior more accurately.

Author: Panel on Retirement Income Modeling
Publisher: National Academies Press
ISBN: 0309589533
Category : Social Science
Languages : en
Pages : 288

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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: Marian Vandewater Brown
Publisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 412

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Author: Joan Chi-Chiung Lo
Publisher:
ISBN:
Category : Age and employment
Languages : en
Pages : 152

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Author: National Research Council
Publisher: National Academies Press
ISBN: 0309254094
Category : Social Science
Languages : en
Pages : 486

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The population of Asia is growing both larger and older. Demographically the most important continent on the world, Asia's population, currently estimated to be 4.2 billion, is expected to increase to about 5.9 billion by 2050. Rapid declines in fertility, together with rising life expectancy, are altering the age structure of the population so that in 2050, for the first time in history, there will be roughly as many people in Asia over the age of 65 as under the age of 15. It is against this backdrop that the Division of Behavioral and Social Research at the U.S. National Institute on Aging (NIA) asked the National Research Council (NRC), through the Committee on Population, to undertake a project on advancing behavioral and social research on aging in Asia. Aging in Asia: Findings from New and Emerging Data Initiatives is a peer-reviewed collection of papers from China, India, Indonesia, Japan, and Thailand that were presented at two conferences organized in conjunction with the Chinese Academy of Sciences, Indian National Science Academy, Indonesian Academy of Sciences, and Science Council of Japan; the first conference was hosted by the Chinese Academy of Social Sciences in Beijing, and the second conference was hosted by the Indian National Science Academy in New Delhi. The papers in the volume highlight the contributions from new and emerging data initiatives in the region and cover subject areas such as economic growth, labor markets, and consumption; family roles and responsibilities; and labor markets and consumption.

Author: Giora Hanoch
Publisher:
ISBN:
Category : Older people
Languages : en
Pages : 54

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Author: Solomon W. Polachek
Publisher: Emerald Group Publishing
ISBN: 1784411493
Category : Political Science
Languages : en
Pages : 341

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This volume puts the spotlight on worker well-being. It looks at key questions such as: How important is incentive pay in increasing worker productivity? Does monitoring productivity affect a worker's earnings trajectory? How is the decision to retire different in two-earner families compared to one-earner families?

Author: Xiaodong Fan
Publisher:
ISBN:
Category :
Languages : en
Pages : 42

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We develop and estimate a model in which individuals make decisions on consumption, human capital investment, labor supply, and retirement. Unlike all previous work, our model allows both an endogenous wage process (which is typically assumed exogenous in the human capital and earnings dynamics literature). In addition, we introduce health shocks. We estimate the model and match the life-cycle profiles of wages, hours and retirement from SIPP data. We analyze the impact of health shocks on retirement, as well as the effect of changes in payroll taxes and increases in the Normal Retirement Age on labor force participation of older Americans.

Author: Lorene Yap
Publisher:
ISBN:
Category : Employment (Economic theory)
Languages : en
Pages : 64

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