@article {10972,
	title = {The Illusory Benefit of Working Longer on Financial Preparedness for Retirement},
	number = {2},
	year = {2020},
	institution = {The New School for Social Research},
	address = {New York City},
	abstract = {Older workers with insufficient savings are advised to delay retirement. Using Health and
Retirement Study data, we compare outcomes of those who delay retirement, a possibly
select group, with the predictions of a typical spreadsheet model. Work to age 70 is
associated with an 18 percentage-point increase in the share financially prepared for
retirement, compared with a predicted 46 percentage points because most older workers
claim Social Security and retirement wealth barely increases. Drawing down retirement
wealth while working makes sense for most, because earnings are lower than post-retirement
income, in part because many older workers voluntarily work part time. },
	keywords = {older worker labor supply, Retirement income, Social Security claiming},
	url = {https://www.economicpolicyresearch.org/images/docs/research/retirement_security/The_Illusory_Benefits_of_Working_Longer_Working_Paper_2020.pdf},
	author = {Teresa Ghilarducci and Papadopoulos, Michael and Anthony Webb}
}
@article {7858,
	title = {The impact of house price movements on non-durable goods consumption of older households},
	journal = {Annals of Economics and Finance},
	volume = {14},
	year = {2013},
	note = {Export Date: 24 September 2013 Source: Scopus},
	pages = {491-510},
	publisher = {14},
	abstract = {Using Health and Retirement Study (HRS) data, we create a new, up-to-date panel dataset to investigate the impact of house price movements on the non-durable goods consumption of older households. We find that older homeowners respond asymmetrically when experiencing house price gains and house price losses. More specifically, they increase total non-durable goods expenditure when house prices appreciate, but fail to reduce consumption when house prices fall.},
	keywords = {Net Worth and Assets},
	url = {http://www.scopus.com/inward/record.url?eid=2-s2.0-84874026500andpartnerID=40andmd5=9b24de128cf6ceeaf4346ecc7151389a},
	author = {Shenyi Jiang and Wei Sun and Anthony Webb}
}
@inbook {5214,
	title = {The Impact of Pensions on Nonpension Investment Choices},
	booktitle = {Redefining Retirement: How Will Boomers Fare?},
	year = {2007},
	note = {ProCite field 6 : In ProCite field 8 : eds},
	pages = {179-210},
	publisher = {Oxford University Press},
	organization = {Oxford University Press},
	address = {New York, NY},
	abstract = {This chapter documents the investment choices of workers outside their company pensions. The Health and Retirement Study is used to evaluate how investment patterns outside pension holdings have been influenced by the shift from defined benefit to defined contribution pensions. Since workers with defined benefit plans can expect steady income in retirement, they might be thought to invest less conservatively outside their pensions. Nevertheless, the data show otherwise. Defined contribution participants also hold stock investments outside their pension portfolios. These findings suggest that increased stock holding as defined benefit plans decline in importance.},
	keywords = {Consumption and Savings, Net Worth and Assets, Pensions},
	isbn = {9780199230778},
	doi = {DOI:10.1093/acprof:oso/9780199230778.003.0009},
	author = {Friedberg, Leora and Anthony Webb}
}
@article {5482,
	title = {The Impact of the Cost of Long-Term Care on the Saving of the Elderly},
	year = {2001},
	institution = {University of California, San Diego},
	abstract = {One of the predictions of the life-cycle model of savings behavior is that the elderly should dissave at a rate that increases with age. But there is little evidence that significant dissaving takes place at any age. One explanation is that the elderly wish to retain assets to cover the cost of long-term care. I propose a model in which the elderly are informed about both their life expectancy and their likelihood of entering long-term care, and in which the utility of consumption in long-term care differs from that of consumption at home. I consider how the Medicaid rules relating to long-term care might influence the behavior of married couples and single persons whose wealth is above or below Medicaid eligibility limits. I test the predictions on data from the 1993 and 1995 Asset and Health Dynamics among the Oldest Old (AHEAD) dataset, which has information on expectations. I make use of interstate differences in Medicaid financial eligibility rules to investigate the effects of Medicaid on household saving. In accordance with the predictions of my model, I find no evidence that people who are eligible for Medicaid dissave more rapidly if they expect to enter long-term care. On the contrary, married couples save more if they believe it is likely that they will enter long-term care. However, even those households that do not expect to enter long-term care fail to dissave. I find that an increase in the generosity of spousal protection rules leads to a decrease in household saving.},
	keywords = {Consumption and Savings, Healthcare},
	url = {http://www.nber.org/ confer/2001/si2001/webb.pdf},
	author = {Anthony Webb}
}
@article {5403,
	title = {The Impact of 401(k) Plans on Retirement},
	year = {2000},
	note = {ProCite field 8 : U VA and NBER; U CA, San Diego},
	institution = {University of California, San Diego},
	abstract = {In 1993 38.9 million people were covered by a 401(k) plan, up from 7.1 million in 1983. The rapid growth of 401(k) and other defined contribution pension plans may alter retirement patterns of older workers. Previous research showed that the spread of defined benefit plans, with sharp age-related incentives first discouraging and later encouraging retirement, contributed to the early retirement trend of past decades. Defined contribution plans differ along several dimensions, especially in their smooth rate of pension wealth accrual. We use data from the Health and Retirement Study to show that retirement patterns have begun to change as defined contribution plans have spread. Our estimates indicate that the financial incentives in defined benefit pensions lead people to retire almost two years earlier on average, compared to people with defined contribution plans.},
	keywords = {Employment and Labor Force, Pensions, Retirement Planning and Satisfaction},
	url = {https://ideas.repec.org/p/cdl/ucsdec/qt2jr5w8b9.html},
	author = {Friedberg, Leora and Anthony Webb}
}
