| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17203 |
| 来源ID | Working Paper 17203 |
| Economic Preparation for Retirement | |
| Michael D. Hurd; Susann Rohwedder | |
| 发表日期 | 2011-07-08 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | We define and estimate measures of economic preparation for retirement based on a complete 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. We ask whether, in a sample of 66-69 year-olds, observed economic resources could support with high probability a life-cycle consumption path anchored at the initial level of consumption until the end of life. We account for taxes, widowing, differential mortality and out-of-pocket health spending risk. We find that 71% of persons in our target age group are adequately prepared according to our definitions, but there is substantial variation by observable characteristics: 80% of married persons are adequately prepared compared with just 55% of single persons. We estimate that a reduction in Social Security benefits of 30 percent would reduce the fraction adequately prepared by 7.8 percentage points among married persons and by as much as 10.7 percentage points among single persons. |
| 主题 | Macroeconomics ; Consumption and Investment ; Labor Economics ; Demography and Aging ; Labor Supply and Demand |
| URL | https://www.nber.org/papers/w17203 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574878 |
| 推荐引用方式 GB/T 7714 | Michael D. Hurd,Susann Rohwedder. Economic Preparation for Retirement. 2011. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17203.pdf（266KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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