Does the balance of power within a family matter? The case of the retirement equity act

Article Abstract:

Using Nash bargaining model, a method of within family decision making related to investments ensuring income security for surviving spouses is developed. For the purpose of analysis, the United States Retirement Equity Act of 1984 is used. Under normal circumstances, one of the persons takes over the decision-making aspects. The effect of law on such a model is discussed.

Financial management, Management dynamics, Colombia, Methods, Decision-making, Decision making, Management, Finance, Retirement planning, Family, Company business management, Company financing, Spouse's share

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The pay-as-you-go pension system as fertility insurance and an enforcement device

Article Abstract:

A basically favorable view of the allocation function of a pay-as-you-go (PAYGO) pension system is presented. It also demonstrates that only a moderate PAYGO system can be defended, since the adverse effects on human capital investment decisions create second-order welfare loses that counteract the first-order gains from the insurance and enforcement effects.

Insurance policies

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Do changes in pension incentives affect retirement? A longitudinal study of subjective retirement expectations

Article Abstract:

The study examines the relationship between retirement incentives and retirement by providing a crucial cross check of estimates based on studying actual retirement. Further, it investigates the relationship between retirement expectations and incentives for retirement provided by employer-sponsored pension plans and Social Security.

Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs), Social Security

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