Tag: retirement savings
Abstract Using data from the Health and Retirement Study (HRS), we calculate the relationship between socio-economic status and a utility based measure of annuity value. We find considerable variation between groups once we take account of not only socio-economic differences in mortality, but also pre-annuitized wealth and longevity risk pooling in marriage. Using HRS data…
Introduction A wise old colleague once quipped that the teacher is the only one who ever learns anything in a classroom. We hope this isn’t so with the retirement-education game we recently developed. That is, we hope those who play the game actually learn something. But the punch line of the quip certainly turned out…
