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dc.contributor.authorRohwedder, Susann
dc.contributor.authorvan Soest, Arthur
dc.date.accessioned2007-02-14T18:05:35Z
dc.date.available2007-02-14T18:05:35Z
dc.date.issued2006-05
dc.identifier.urihttps://hdl.handle.net/2027.42/49421
dc.description.abstractEarlier research suggests that many people in their fifties and early sixties are not well informed about their Social Security benefit entitlements in old age. This paper investigates the effect of deviations between individuals’ anticipated and realized Social Security benefits on several measures of well-being in retirement, such as the change in consumption expenditures at retirement, a self-assessed measure of how retirement years compare to the years before retirement, and whether the retired individual is worried about having enough income to get by. The analysis is based upon US data from the Health and Retirement Study, following individuals over a long time period from their fifties into retirement. We find that people who over estimated their Social Security benefits are worse off according to several measures of well being in retirement. This relationship seems to be more pronounced for respondents who claimed benefits earlier than anticipated than for those who were misinformed.en
dc.description.sponsorshipSocial Security Administrationen
dc.format.extent131103 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoen_USen
dc.publisherMichigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104en
dc.relation.ispartofseriesWP 2006-118en
dc.titleThe Impact of Misperceptions about Social Security on Saving and Well-being.en
dc.typeWorking Paperen
dc.subject.hlbsecondlevelPopulation and Demography
dc.subject.hlbtoplevelSocial Sciences
dc.contributor.affiliationumUniversity of Michigan Retirement Research Centeren
dc.contributor.affiliationumInstitute for Social Researchen
dc.contributor.affiliationotherRANDen
dc.contributor.affiliationotherTilburg Universityen
dc.contributor.affiliationumcampusAnn Arboren
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/49421/1/wp118.pdfen_US
dc.owningcollnameRetirement Research Center, Michigan (MRRC)


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