| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24226 |
| 来源ID | Working Paper 24226 |
| The Power of Working Longer | |
| Gila Bronshtein; Jason Scott; John B. Shoven; Sita N. Slavov | |
| 发表日期 | 2018-01-22 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | This paper compares the relative strengths of working longer vs. saving more in terms of increasing a household’s affordable, sustainable standard of living in retirement. Both stylized households and actual households from the Health and Retirement Study are examined. We assume that workers commence Social Security benefits when they retire. The basic result is that delaying retirement by 3-6 months has the same impact on the retirement standard of living as saving an additional one-percentage point of labor earnings for 30 years. The relative power of saving more is even lower if the decision to increase saving is made later in the work life. For instance, increasing retirement saving by one percentage point ten years before retirement has the same impact on the sustainable retirement standard of living as working a single month longer. The calculations of the relative power of working longer and saving more are done for a wide range of realized rates of returns on saving, for households with different income levels, and for singles as well as married couples. The results are quite invariant to these circumstances. |
| 主题 | Microeconomics ; Households and Firms ; Public Economics ; National Fiscal Issues ; Labor Economics ; Labor Supply and Demand |
| URL | https://www.nber.org/papers/w24226 |
| 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/581899 |
| 推荐引用方式 GB/T 7714 | Gila Bronshtein,Jason Scott,John B. Shoven,et al. The Power of Working Longer. 2018. |
| 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 | ||
| w24226.pdf（994KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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