Social Security and the Retirement and Savings Behavior of Low Income Households.

Social Security and the Retirement and Savings Behavior of Low Income Households.
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DOI:
10.1016/j.jeconom.2008.05.004
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发表时间:
2008-07
影响因子:
6.3
通讯作者:
Wolpin KI
Wolpin KI
中科院分区:
经济学2区
文献类型:
--
作者:
van der Klaauw W;Wolpin KI

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在本文中,我们开发和估计的退休和储蓄模型,包括有限的借款,随机工资优惠,健康状况和生存,社会保障福利,医疗保险和雇主提供的医疗保险覆盖范围,和有意遗赠。该模型是根据健康和退休研究(HRS)前三波中相对贫困家庭的样本进行估计的,我们预计社会保障收入对他们来说特别重要。估计模型用于模拟社会保障规则变化的反应,包括福利水平的变化,工资税,社会保障收入税,提前和正常退休年龄。估计福利和预算后果。
In this paper, we develop and estimate a model of retirement and savings incorporating limited borrowing, stochastic wage offers, health status and survival, social security benefits, Medicare and employer provided health insurance coverage, and intentional bequests. The model is estimated on sample of relatively poor households from the first three waves of the Health and Retirement Study (HRS), for whom we would expect social security income to be of particular importance. The estimated model is used to simulate the responses to changes in social security rules, including changes in benefit levels, in the payroll tax, in the social security earnings tax and in early and normal retirement ages. Welfare and budget consequences are estimated.
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