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Retirement and social security: the roles of self-fulfilling expectations and educational investments

✍ Scribed by Ryo Arawatari; Tetsuo Ono


Publisher
Springer
Year
2011
Tongue
English
Weight
920 KB
Volume
12
Category
Article
ISSN
1435-6104

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✍ Michael D. Hurd; James P. Smith; Julie M. Zissimopoulos πŸ“‚ Article πŸ“… 2004 πŸ› John Wiley and Sons 🌐 English βš– 129 KB

## Abstract According to the life‐cycle model, mortality risk will influence both retirement and the desire to annuitize wealth. We estimate the effect of subjective survival probabilities on retirement and on the claiming of Social Security benefits because delayed claiming is equivalent to the pu