@article {8561,
	title = {How Family Status and Social Security Claiming Options Shape Optimal Life Cycle Portfolios},
	journal = {Review of Financial Studies},
	volume = {29},
	year = {2016},
	month = {Jul-04-2016},
	pages = {937 - 978},
	abstract = {We show how optimal household decisions regarding work, retirement, saving, portfolio allocations, and life insurance are shaped by the complex financial options embedded in U.S. Social Security rules and uncertain family transitions. Our life cycle model predicts sharp consumption drops on retirement, an age-62 peak in claiming rates, and earlier claiming by wives versus husbands and single women. Moreover, life insurance is mainly purchased on men{\textquoteright}s lives. Our model, which takes Social Security rules seriously, generates wealth and retirement outcomes that are more consistent with the data, in contrast to earlier and less realistic models},
	keywords = {Gender Differences, Older Adults, Retirement Planning and Satisfaction, Social Security},
	issn = {0893-9454},
	doi = {10.1093/rfs/hhv070},
	url = {http://rfs.oxfordjournals.org/lookup/doi/10.1093/rfs/hhv070},
	author = {Hubener, Andreas and Maurer, Raimond and Olivia S. Mitchell}
}
@article {8143,
	title = {How much do respondents in the health and retirement study know about their contributions to tax-deferred contribution plans? A cross-cohort comparison},
	journal = {Journal of Pension Economics and Finance},
	volume = {14},
	year = {2015},
	note = {Export Date: 6 August 2014 Article in Press},
	pages = {203-239},
	publisher = {14},
	abstract = {We use information from Social Security earnings records to examine the accuracy of survey responses regarding participation in tax-deferred pension plans. As employer-provided defined benefit pensions are replaced by voluntary contribution plans, employees{\textquoteright} understanding of the link between their annual contributions and their post-retirement wealth is becoming increasingly important. We examine the extent to which wage-earners in the Health and Retirement Study (HRS) correctly report their inclusion in tax-deferred contribution plans and, conditional on inclusion, their annual contributions. We use three samples representing different cohorts in three different periods: the original HRS cohort interviewed in 1992 at ages 51-56, the War Babies cohort interviewed in 1998 at ages 51-56, and the Early Baby Boomer cohort interviewed in 2004 at the same ages. Our findings indicate that while respondents interviewed in 1998 and 2004 were more likely to correctly report whether they were included in defined contribution plans, they were no more accurate when reporting whether they had contributed to their plans than respondents interviewed in 1992. Contributors in the three cohorts, moreover, overstated their annual contributions and thus would be likely to realize lower than expected account balances at retirement. The magnitude of this error is not negligible. In all three cohorts, the mean reporting error (the absolute difference between respondent-reported and Social Security earnings record contributions) was approximately 1.5 times larger than the mean contribution in the W-2 earnings record. Copyright   Cambridge University Press 2014 This is a work of the U.S. Government and is not subject to copyright protection in the United States.},
	keywords = {Employment and Labor Force, Pensions, Social Security},
	doi = {10.1017/S1474747214000237},
	author = {Irena Dushi and Honig, Marjorie}
}
@article {5725,
	title = {How Much Do Respondents in the Health and Retirement Study Know About Their Tax-deferred Contribution Plans? A Crosscohort Comparison},
	number = {WP 2008-201},
	year = {2008},
	institution = {Michigan Retirement Research Center, University of Michigan},
	address = {Ann Arbor, MI},
	abstract = {We use information from Social Security earnings records to examine the accuracy of survey responses regarding participation in tax-deferred pension plans. As employer-provided defined benefit pensions are replaced by voluntary contribution plans, employees  understanding of the link between their annual contribution decisions and their post-retirement wealth is becoming increasingly important. We examine the extent to which wage-earners in the Health and Retirement Study correctly report their inclusion in tax-deferred contribution plans and, conditional on inclusion, their annual contributions. We use two samples representing different cohorts in two different periods: the original HRS cohort interviewed in 1992 at ages 51-61, and a combination of the War Babies and Early Baby Boomer cohorts at the same ages interviewed twelve years later. Our findings indicate that while respondents interviewed in 2004 were more likely to report correctly whether they were included in DC plans, they were no more accurate in reporting whether they contributed to their plans than respondents interviewed in 1992. Respondents in both cohorts, moreover, overestimated their annual contributions. In both 1992 and in 2004, the mean absolute difference between respondent-reported and Social Security earnings record contributions was 1.5 times larger than the mean earnings record contribution.},
	keywords = {Pensions, Social Security},
	url = {https://deepblue.lib.umich.edu/bitstream/handle/2027.42/64473/wp201.pdf?sequence=1\&isAllowed=y},
	author = {Irena Dushi and Honig, Marjorie}
}
