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dc.contributor.authorGustman, Alan L.
dc.contributor.authorSteinmeier, Thomas L.
dc.date.accessioned2007-04-25T14:11:05Z
dc.date.available2007-04-25T14:11:05Z
dc.date.issued2004-07
dc.identifier.urihttps://hdl.handle.net/2027.42/50537
dc.description.abstractIn this paper we use data from the Health and Retirement Study to examine differences in retirement behavior, wealth, Social Security and pension benefits by race and gender. The differences observed among groups are sometimes substantial. We then estimate models jointly explaining retirement and wealth by race and gender. We decompose differences in outcomes into those due to differences in parameters of the preference function for leisure and goods, time preference rates, and those due to differences in the circumstances of the members of each group. By circumstances we mean both the opportunity set, and factors that determine the disutility of continued work, such as health status. We find that differences in outcomes among white, black and Hispanic males are not due to differences in preferences for leisure and goods consumption, but are due both to differences in time preference and to differences in circumstances. Differences in outcomes between men and women are primarily due to differences in preferences.en
dc.description.sponsorshipSocial Security Administrationen
dc.format.extent2355912 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 2004-082en
dc.titleUnderstanding Patterns of Social Security Benefit Receipt, Pensions Incomes, Retirement and Saving by Race, Ethnicity, Gender and Marital Status: A Structural Approachen
dc.typeWorking Paperen
dc.subject.hlbsecondlevelPopulation and Demography
dc.subject.hlbtoplevelSocial Sciences
dc.contributor.affiliationotherDartmouth Collegeen
dc.contributor.affiliationotherTexas Tech Universityen
dc.contributor.affiliationotherNBERen
dc.contributor.affiliationumcampusAnn Arboren
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/50537/1/wp082.pdfen_US
dc.owningcollnameRetirement Research Center, Michigan (MRRC)


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