Please use this identifier to cite or link to this item: https://hdl.handle.net/10620/18062
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dc.contributor.authorCobb-Clark, Deborah-
dc.contributor.authorHildebrand, Vincent A.-
dc.date.accessioned2019-04-13T03:40:46Zen
dc.date.accessioned2014-05-13T05:45:35Zen
dc.date.available2014-05-13T05:45:35Zen
dc.date.issued2011-03-
dc.identifier.urihttps://hdl.handle.net/10620/18062en
dc.identifier.urihttp://hdl.handle.net/10620/4001en
dc.description.abstractWe investigate whether households adjust their asset portfolios just prior to retirement in ways that are consistent with maximizing eligibility for a means-tested public pension. We utilize detailed micro data for a nationally-representative sample of Australian households to estimate a system of asset equations which are constrained to add up to net worth. Our results provide little evidence that healthy households or couples are responding to the incentives embedded in the means tests determining pension eligibility by reallocating assets. While there are some differences in asset portfolios associated with having an income near the income threshold, being of pensionable age, and being in poor health, these differences are often only marginally significant and are not clearly consistent with the incentives inherent in the Australian age pension eligibility rules. Any behavioral response to the incentives inherent in the age-pension means test appears to be predominately concentrated among single pensioners who are in poor health.en
dc.subjectIncome & Finance -- Assetsen
dc.subjectAgeing -- Superannuation usage and finance for aged careen
dc.subjectAgeing -- Retirementen
dc.titlePortfolio Allocation in the Face of a Means‐Tested Public Pensionen
dc.typeJournal Articlesen
dc.identifier.doi10.1111/j.1475-4991.2011.00437.xen
dc.identifier.urlhttps://onlinelibrary.wiley.com/doi/abs/10.1111/j.1475-4991.2011.00437.xen
dc.identifier.surveyHILDAen
dc.description.keywordsAge Pensionen
dc.description.keywordsRetirementen
dc.description.keywordsAssetsen
dc.description.keywordsHouseholdsen
dc.identifier.journalReview of Income and Wealthen
dc.identifier.volume57en
dc.description.pages536-560en
dc.identifier.issue3en
local.identifier.id4480en
dc.title.bookReview of Income and Wealthen
dc.subject.dssAgeingen
dc.subject.dssIncome, wealth and financesen
dc.subject.dssmaincategoryAgeingen
dc.subject.dssmaincategoryIncome & Financeen
dc.subject.dsssubcategoryRetirementen
dc.subject.dsssubcategoryAssetsen
dc.subject.dsssubcategorySuperannuation usage and finance for aged careen
dc.subject.flosseAgeingen
dc.subject.flosseIncome, wealth and financesen
dc.relation.surveyHILDAen
dc.old.surveyvalueHILDAen
item.cerifentitytypePublications-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.grantfulltextnone-
item.openairetypeJournal Articles-
item.fulltextNo Fulltext-
Appears in Collections:Journal Articles
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