Comparing Objective and Subjective Retirement Wealth Adequacies
نویسندگان
چکیده
منابع مشابه
Retirement and wealth.
The decision to retire is related to the decision to save and to a number of other decisions, including decisions of when to claim Social Security benefits and what share of assets to hold as pensions, Social Security, and in other forms. This article explores the relationships among these various decisions and then explains why it is important to take them into account when attempting to under...
متن کاملSubjective retirement.
An individual's identification of his retirement situation does not necessarily coincide with the retirement concept as defined by objective measures. Self-evaluation of retirement status by respondents to the Retirement History Study has been analyzed to discover to what extent their subjective assessment of retirement matched the situation predicted by objective measures. For those completely...
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We compare an objective and a subjective performance measure for color constancy algorithms. Eight hyper-spectral images were rendered under a neutral reference illuminant and four chromatic illuminants (Red, Green, Yellow, Blue). The scenes rendered under the chromatic illuminants were color corrected by 5 color constancy algorithms that are based on zero-, firstand second-order image statisti...
متن کاملFinancial Literacy, Retirement Planning, and Household Wealth
There is ample empirical evidence documenting widespread financial illiteracy and limited pension knowledge. At the same time, the net worth distribution is heavily dispersed and many workers arrive on the verge of retirement with little or no personal wealth. This paper is the first to investigate the relation between financial sophistication and household net worth relying on specific measure...
متن کاملBequests and Heterogeneity in Retirement Wealth∗
The data show large dispersion in households’ wealth holdings at retirement. In addition, the empirical correlation between household lifetime earnings and retirement wealth is much lower in the data than in many quantitative models. This paper quantifies and analyzes the implications of a life cycle model with intergenerational links (in the form of voluntary bequest motives and intergeneratio...
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ژورنال
عنوان ژورنال: Journal of Korean Home Management Association
سال: 2013
ISSN: 1229-1331
DOI: 10.7466/jkhma.2013.31.1.113