Book/Printed Material The effect of uncertain labor income and social security on life-cycle portfolios

Title

• The effect of uncertain labor income and social security on life-cycle portfolios

Summary

• "The NBER Bulletin on Aging and Health provides summaries of publications like this. You can sign up to receive the NBER Bulletin on Aging and Health by email. This paper examines how labor income volatility and social security benefits can influence lifecycle household portfolios. We examine how much the individual optimally saves and where, taking into account liquid financial wealth and annuities, and stocks as well as bonds. Higher labor income uncertainty and lower old-age benefits boost demand for stable income in retirement, but also when young. In addition, a declining equity glide path with age is appropriate for the worker with low income uncertainty; for the high income risk worker, equity exposure rises until retirement. We also evaluate how differences in social security benefits can influence retirement risk management"--National Bureau of Economic Research web site.

Names

• Maurer, Raimond
• Mitchell, Olivia S.
• Rogalla. Ralph
• National Bureau of Economic Research

Created / Published

• Cambridge, MA : National Bureau of Economic Research, c2010.

Notes

• -  Title from PDF file as viewed on 3/2/2010.
• -  Includes bibliographical references.
• -  Also available in print.
• -  Mode of access: World Wide Web.
• -  System requirements: Adobe Acrobat Reader.

Call Number/Physical Location

• HB1

Digital Id

• https://hdl.loc.gov/loc.gdc/gdcebookspublic.2010655700
• http://www.nber.org/papers/w15682 External

Library of Congress Control Number

• 2010655700

Access Advisory

• Unrestricted online access

Online Format

• image
• pdf

LCCN Permalink

• https://lccn.loc.gov/2010655700

Additional Metadata Formats

• MARCXML Record
• MODS Record
• Dublin Core Record