|
on Economics of Ageing |
| By: | Julie Bennett; Brooke Hathhorn; Michael T. Owyang |
| Abstract: | An analysis describes the declining prevalence of defined-benefit pensions in favor of defined-contribution retirement plans in the U.S. workplace over time. |
| Keywords: | retirement; defined-benefit retirement plan; defined-contribution retirement plan |
| Date: | 2025–03–20 |
| URL: | https://d.repec.org/n?u=RePEc:fip:l00001:99707 |
| By: | Iris Kesternich; Marjolein Van Damme; Han Ye |
| Abstract: | One reason gender pay gaps persist is that women receive more of their total compensation through amenities. Since wages, but not amenities, increase retirement incomes, this may translate into gender pension gaps. Using a discrete choice experiment we investigate whether the valuation for amenities changes when the trade-off with pension income is made salient. We find that women value amenities more than men. Beliefs about the effect of wage changes on pension income do not show large gender differences. However, women change their choices much more strongly than men when reminded about the effects of current choices on pension income. |
| Keywords: | gender, pension gap, amenities, work meaning, workplace flexibility, hypothetical choice experiment, salience, beliefs |
| JEL: | D91 J16 J26 J32 |
| Date: | 2024–10 |
| URL: | https://d.repec.org/n?u=RePEc:bon:boncrc:crctr224_2024_600v2 |
| By: | López Artero, J.A.;; Sanz-de-Galdeano, A.;; Vuri, D.; |
| Abstract: | We analyze the impact of unexpected health shocks—defined as the sudden diagnosis ofcancer, stroke, or heart attack—on the probability of couple dissolution using longitudinal representative data on older individuals(50+). We leverage the longitudinal nature of the HRS and utilize a quasi-experimental research approach that creates counterfactual scenarios for affected households by comparing them to households set to experience the same event in subsequent years. We find that experiencing a health shock significantly increases the probability of couple dissolution by approximately 19%of the mean divorce prevalence. This effect intensifies gradually over time rather than appearing immediately after the adverse health event. Additionally, we examine several mechanisms through which health shocks may influence divorce, focusing on three potential channels:mentalhealth, cognitive decline, and financial strain. Our findings suggest that all three mechanisms likely play a role in mediating the relationship between health shocks and the increased probability of divorce. |
| Keywords: | health shocks; divorce; aging; |
| JEL: | I14 I24 J15 Z13 J13 |
| Date: | 2025–04 |
| URL: | https://d.repec.org/n?u=RePEc:yor:hectdg:25/04 |