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Direct linkEngelhardt, Gary V.; Kumar, Anil – Journal of Human Resources, 2011
Economists have long suggested that higher private pension benefits "crowd out" other sources of household wealth accumulation. We exploit detailed information on pensions and lifetime earnings for older workers in the 1992 wave of the Health and Retirement Study and employ an instrumental-variable (IV) identification strategy to estimate…
Descriptors: Income, Retirement Benefits, Family Financial Resources, Older Adults
