TY - CHAP T1 - Fiscal Effects of Social Security Reform in the United States T2 - Social Security Programs and Retirement around the World Y1 - 2010 A1 - Courtney Coile A1 - Gruber, Jonathan ED - Gruber, Jonathan ED - David A Wise KW - Other KW - Public Policy KW - Social Security JF - Social Security Programs and Retirement around the World T3 - A National Bureau of Economic Research conference report PB - University of Chicago Press CY - Chicago U4 - social security/OASDI/earnings and Benefits File/actuarial reform/common reform/social security wealth JO - Fiscal Effects of Social Security Reform in the United States ER - TY - CHAP T1 - Individual Subjective Survival Curves T2 - Analyses in the Economics of Aging Y1 - 2005 A1 - Gan, Li A1 - Michael D Hurd A1 - Daniel McFadden ED - David A Wise KW - Expectations AB - Testing life-cycle models and other economic models of saving and consumption at micro level requires knowledge of individuals' subjective believes of their mortality risk. Previous studies have shown that individual responses on subjective survival probabilities are generally consistent with life tables. However, survey responses suffer serious problems caused by focal responses of zero and one. This paper suggests using a Bayesian update model that accounts for the problems encountered in focal responses. We also propose models that help us to identify how much each individual deviates from life table in her subjective belief. The resulting individual subjective survival curves have considerable variations and are readily applicable in testing economic models that require individual subjective life expectancies. JF - Analyses in the Economics of Aging PB - University of Chicago Press CY - Chicago UR - https://www.nber.org/chapters/c10367 N1 - RDA ProCite field 6 : In ProCite field 8 : ed. U4 - Subjective Probabilities of Survival ER - TY - CHAP T1 - The Effect of Social Security on Retirement in the United States T2 - Social Security Programs and Retirement Around the World Y1 - 2004 A1 - Courtney Coile A1 - Gruber, Jonathan ED - Gruber, Jonathan ED - David A Wise KW - Methodology KW - Retirement Planning and Satisfaction JF - Social Security Programs and Retirement Around the World PB - University of Chicago Press CY - Chicago, IL N1 - ProCite field 6 : In ProCite field 8 : eds. U4 - Retirement Policies/Social Security Research JO - The Effect of Social Security on Retirement in the United States ER - TY - CHAP T1 - Social Security Incentives for Retirement T2 - Themes in the Economics of Aging Y1 - 2001 A1 - Courtney Coile A1 - Gruber, Jonathan ED - David A Wise KW - Demographics KW - Employment and Labor Force KW - Net Worth and Assets KW - Retirement Planning and Satisfaction AB - The 'tax effect' is one of the effects used to explain the rapid decline in the labor force participation of older men over age 62. This paper provides a thorough investigation of this 'tax effect' by studying it along four different dimensions. Using HRS data, the impact of SS retirement incentives are considered and the distribution of the incentives across the population is assessed. The paper then examines the role of private pensions and the importance of considering retirement incentives in the next year vs. considering incentives for all possible years. JF - Themes in the Economics of Aging PB - Univ. of Chicago Press CY - Chicago UR - https://www.nber.org/papers/w7651 N1 - ProCite field 8 : ed. U4 - Economic Status/Labor Force Participation/Basic Demographics/Retirement Incentives ER - TY - CHAP T1 - Consumption and Saving Balances of the Elderly: Experimental Evidence on Survey Response Bias T2 - Frontiers in the Economics of Aging Y1 - 1998 A1 - Michael D Hurd A1 - Daniel McFadden A1 - Chand, Harish A1 - Gan, Li A1 - Merrill, Angela A1 - Michael Ewing Roberts ED - David A Wise KW - Consumption and Savings KW - Methodology AB - A prerequisite for understanding the economic behavior of the elderly, and the impacts of public policy on their health and well-being, is accurate data on key economic variables such as income, consumption, and assets, as well as on expectations regarding future economic and demographic events such as major health costs, disabilities, and death. Standard practice is to elicit such information in economic surveys, relying on respondents’ statements regarding the variables in question. Economists are generally aware that stated responses are noisy. Item nonresponse is a common problem, and carefully done surveys are designed to minimize it. Well-designed analyses of economic survey data are careful about detecting implausible outliers, imputing missing values, and correcting for selection caused by dropping missing observations. Circumstances are recognized that tend to produce systematic biases in response, such as telescoping in recall of past events that arises from the psychophysical perception of time intervals, or overstatement of charitable contributions that arises from the incentive to project a positive self-image. Nevertheless, economic studies are often too sanguine about the reliability of subjects’ statements regarding objective economic data. JF - Frontiers in the Economics of Aging PB - Univ. of Chicago Press CY - Chicago UR - https://www.nber.org/chapters/c7306 N1 - ProCite field 8 : ed. U4 - Consumption/Savings/Survey Methods JO - Consumption and Saving Balances of the Elderly: Experimental Evidence on Survey Response Bias ER - TY - CHAP T1 - Subjective Survival Curves and Life Cycle Behavior T2 - Inquiries in the Economics of Aging Y1 - 1998 A1 - Michael D Hurd A1 - Daniel McFadden A1 - Gan, Li ED - David A Wise KW - Consumption and Savings KW - Event History/Life Cycle KW - Health Conditions and Status JF - Inquiries in the Economics of Aging T3 - NBER Project Reports PB - University of Chicago Press CY - Chicago and London N1 - ProCite field[3]: SUNY, Stony Brook, RAND, and NBER; U CA, Berkeley and NBER; U CA, BerkeleyProCite field[6]: InProCite field[8]: ed. U4 - Intertemporal Consumer Choice/Life Cycle Models and Saving/Economics of the Elderly/Health Production--Nutrition, Mortality, Morbidity, Disability, and Economic Behavior/Life Cycle JO - Subjective Survival Curves and Life Cycle Behavior ER -