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The Dynamic Effects of Social Security on Individual Consumption, Wealth and Welfare

✍ Scribed by Siu Fai Leung


Book ID
108512747
Publisher
John Wiley and Sons
Year
2002
Tongue
English
Weight
278 KB
Volume
4
Category
Article
ISSN
1097-3923

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The effects of subjective survival on re
✍ 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