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Author: Hausman, Jerry A.
Resulting in 3 citations.
1. |
Diamond, Peter A. Hausman, Jerry A. |
Individual Retirement and Savings Behavior Journal of Public Economics 23,1-2 (February-March 1984): 81-114. Also: http://www.sciencedirect.com/science/article/pii/0047272784900689 Cohort(s): Older Men Publisher: Elsevier Keyword(s): Early Retirement; Event History; Income; Life Cycle Research; Pensions; Retirement/Retirement Planning; Social Security The National Longitudinal Survey (NLS) of Mature Men is examined to determine the extent of low wealth holdings. In 1966, about 7.6% of men aged 45-59 reported negative net wealth, while another 12.1% reported nonnegative net wealth below $1,000. The analysis is continued on the premise that the life-cycle theory is applicable only to part of the population. Further examination of the data indicates the presence of considerable variation in individual propensities to save. An individual model of wealth accumulation is estimated with the first 10 years of panel data from the NLS. The presence of pension and Social Security benefits has a significant effect on retirement behavior. Individuals who prefer to retire early should have greater savings propensities. The savings-to-permanent-income ratio rises with permanent income in a sharply nonlinear fashion. (ABI/Inform) |
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Bibliography Citation
Diamond, Peter A. and Jerry A. Hausman. "Individual Retirement and Savings Behavior." Journal of Public Economics 23,1-2 (February-March 1984): 81-114.
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Diamond, Peter A. Hausman, Jerry A. |
Retirement and Unemployment Behavior of Older Men In: Retirement and Economic Behavior. H. Aaron and G. Burtless, eds., Washington, DC: Brookings Institution Press, March 1984: 97-132 Cohort(s): Older Men Publisher: Brookings Institution Keyword(s): |
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Bibliography Citation
Diamond, Peter A. and Jerry A. Hausman. "Retirement and Unemployment Behavior of Older Men " In: Retirement and Economic Behavior. H. Aaron and G. Burtless, eds., Washington, DC: Brookings Institution Press, March 1984: 97-132
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Griliches, Zvi Hall, Bronwyn H. Hausman, Jerry A. |
Missing Data and Self-Selection in Large Panels Annales de l'INSEE 30-31 (April-September 1978): 137-176. Also: http://www.jstor.org/stable/20075289 Cohort(s): Young Men Publisher: INSEE (Institut National de la Statistique et des Etudes Economiques) Keyword(s): Educational Returns; Research Methodology Permission to reprint the abstract has not been received from the publisher. Two problems which occur in analyzing large panels of cross section data are considered: missing data and self- selection. In the case of randomly missing data, using only the complete data subsample results in unbiased but inefficient estimates. We demonstrate that in large panels the efficiency gains from using efficient methods are likely to be quite small. For non-random missing data, we present a methodology which corrects for the bias which occurs if only the complete data subsample is used. Lastly, we formulate and estimate a model where the missing data arises from self-selection in the decision to remain in school. Using the NLS of Young Men, we find that accounting for self-selection increases the estimated returns to schooling by 50%. |
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Bibliography Citation
Griliches, Zvi, Bronwyn H. Hall and Jerry A. Hausman. "Missing Data and Self-Selection in Large Panels." Annales de l'INSEE 30-31 (April-September 1978): 137-176.
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