The Effect of Pension Subsidies on the Retirement Timing of Older Women

2021 ◽  
Author(s):  
Han Ye
Keyword(s):  
Labor Supply ◽  
Older Women ◽  
Unemployment Insurance ◽  
Support Programs ◽  
Income Support ◽  
Retirement Decisions ◽  
Retirement Timing ◽  
Subsidy Program ◽  
Marginal Employment ◽  
Pension Benefits

Abstract I estimate the effect of additional pension benefits on women’s retirement decisions by examining a German pension subsidy program. The subsidies have a kinked relationship with the recipients’ past pension contributions, creating a sharply different slope of benefits for similar women on either side of the kink point. I find that a 100 euro increase in the monthly benefit induces female recipients to claim their pensions six months earlier. Recipients also adjust their labor supply by using unemployment insurance as a stepping stone to retirement and by reducing time spent in marginal employment. A back-of-the-envelope calculation suggests that the ratio of behavioral to mechanical costs for this subsidy program is 0.25, which is smaller than that of many other income support programs.

scholarly journals Did We Lose the War on Poverty?

1998 ◽  
Vol 12 (1) ◽  
pp. 79-96 ◽  
Author(s):  
Dale W Jorgenson
Keyword(s):  
Household Income ◽  
Well Being ◽  
War On Poverty ◽  
Support Programs ◽  
Accurate Assessment ◽  
Income Support ◽  
Poverty Level ◽  
The Impact ◽  
The U.S ◽  
Economic Well Being

Official U.S. poverty statistics based on household income imply that the proportion of the U.S. population below the poverty level reached a minimum in 1973, giving rise to the widespread impression that the elimination of poverty is impossible. By contrast, poverty estimates based on household consumption have fallen through 1989 and imply that the war on poverty was a success. This paper recommends replacing income by consumption in official estimates of poverty in order to obtain a more accurate assessment of the impact of income support programs and economic growth on the level and distribution of economic well-being among households.

scholarly journals Some effects of price and income support programs on marginal farms

1961 ◽  
Author(s):  
Homer C. Evans ◽  
W. W. Armentrout ◽  
Robert L. Jack
Keyword(s):  
Support Programs ◽  
Income Support

Judicial Retirement Strategies

2000 ◽  
Vol 28 (4) ◽  
pp. 458-489 ◽  
Author(s):  
DAVID C. NIXON ◽  
J. DAVID HASKIN
Keyword(s):  
Presidential Elections ◽  
Probit Model ◽  
Personal Factors ◽  
Political Factors ◽  
Biographical Data ◽  
Opposing Party ◽  
Retirement Decisions ◽  
Retirement Timing

If judges are politically strategic, they may try to retire at times that maximize the chances that an ideologically compatible successor will be appointed. Using biographical data on all appellate judges who have retired since 1892, a heteroscedastic panel probit model is used to examine retirement timing as a function of personal and political factors. We determine whether retirement from the bench can be explained exclusively by personal factors such as salary, pension, and workload, or if political considerations enter into the decision. The data reveal that retirement decisions are affected primarily by nonpolitical considerations, but presidential elections may factor into a judge's decision. The only important strategic political consideration in evidence is whether a judge contemplating retirement faces an opposing party president and how far off that president's next election is.

Public Policy in a Time of Crisis: A Framework for Evaluating Canada’s COVID-19 Income Support Programs

2020 ◽  
Vol COVID-19 ◽  
pp. e2020117
Author(s):  
Kourtney Koebel ◽  
Dionne Pohler ◽  
Rafael Gomez ◽  
Akshay Mohan
Keyword(s):  
Public Policy ◽  
Support Programs ◽  
Income Support

scholarly journals CULTURAL DIMENSION OF THE DISCREPANCY OF PLANNED AND ACTUAL RETIREMENT AGE IN THE U.S.: HISPANICS VERSUS NON-HISPANICS

2019 ◽  
Vol 3 (Supplement_1) ◽  
pp. S130-S131
Author(s):  
Antonia E Diaz-Valdes Iriarte
Keyword(s):  
Racial Differences ◽  
Retirement Age ◽  
Cultural Dimension ◽  
Racial Groups ◽  
Multinomial Regression ◽  
Retirement Decisions ◽  
Retirement Timing ◽  
Broad Array ◽  
Sustainability Problems ◽  
Taking Care

Abstract The sustainability problems to the SS has led to a glowing debate about what the full retirement age should be and if working longer is a plausible option for everyone or just for those who have some control over their retirement decisions (e.g., Munnell & Sass, 2008; McNamara & Williamson, 2013; Munnell et al, 2016). All ethno-racial groups have increased their average retirement age over the last years. However, Hispanics’ retirement age is still lower even if they stated they plan to continue to work at retirement (EBRI 2008; Diaz-Valdes, 2018). Most studies about retirement timing have focused on middle-class Whites, and the prediction of planned or actual retirement separately. One of the lesser studied complexities of the retirement conundrum concerns ethno-racial differences and cultural-related predictors of retirement timing (Lytle et al, 2015). This study seeks to extend the understanding of differences between Hispanics and non-Hispanics regarding the timing of retirement relative to when they thought they would retire by including a broad array of cultural and family related predictors. Multinomial regression models were used. The results indicate significant differences between Hispanics and non-Hispanic Whites. Taking care of grandchildren was a significant predictor among Hispanics but not among non-Hispanic Whites. For Hispanics taking care of grandchildren, for over 20 hrs., was associated with a decreased probability of stating they will never retire. The increase of one dependent was associated with an increased on the probability of retiring earlier than planned. The effect of one additional dependent was larger for non-Hispanics.

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