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How do Behavioral Approaches to Increase Savings Compare? Evidence from Multiple Interventions in the U.S. Army

Patterson, Richard W.; Skimmyhorn, William L. - National Bureau of Economic Research - 2022

increase retirement savings. However, gauging the relative efficacy of these approaches is challenging because the supporting … rates, active choice, and automatic enrollment) designed to increase retirement savings. Consistent with previous literature …, we find sizable effects of savings interventions on participation and cumulative contributions that increase with the …

Persistent link: https://www.econbiz.de/10013462745

Wealth Accumulation and the Propensity to Plan

Ameriks, John - 2002

Why do similar households end up with very different levels of wealth? We show that differences in the attitudes and skills with which they approach financial planning are a significant factor. We use new and unique survey data to assess these differences and to measure each household's...

Persistent link: https://www.econbiz.de/10012469794

Individual Financial Decisions in Retirement Saving Plans and The Provision of Resources for Retirement

Poterba, James M. - 1996

Proposals for mandatory private saving accounts differ in the degree of investment discretion that they provide to individual savers, and in their provisions for annuitization of accumulated assets. With respect to investment choices, some argue that individuals must be prevented from investing...

Persistent link: https://www.econbiz.de/10012473072

How Much to Save? Decision Costs and Retirement Plan Participation

Goldin, Jacob - 2020

Deciding how much to save for retirement can be complicated. Drawing on a field experiment conducted with the Department of Defense, we study whether such complexity depresses participation in an employer-sponsored retirement saving plan. We find that simplifying one dimension of the enrollment...

Persistent link: https://www.econbiz.de/10012481430

Simplification and Saving

Beshears, John - 2006

-cost intervention that substantially simplifies the retirement savings plan participation decision. Individuals received an opportunity … to enroll in a retirement savings plan at a pre-selected contribution rate and asset allocation, allowing them to … increase contribution rates among employees who are already participating in a savings plan …

Persistent link: https://www.econbiz.de/10012466002

How Financial Literacy and Impatience Shape Retirement Wealth and Investment Behaviors

Hastings, Justine S. - 2011

Two competing explanations for why consumers have trouble with financial decisions are gaining momentum. One is that people are financially illiterate since they lack understanding of simple economic concepts and cannot carry out computations such as computing compound interest, which could...

Persistent link: https://www.econbiz.de/10012461918

Climate Polarization and Green Investment

Anderson, Anders; Robinson, David T. - National Bureau of Economic Research - 2024

We build a nationally representative sample of retirement savers in Sweden to study how asymmetric updating of beliefs about climate change affects investment decisions. After the intense heat wave of 2018, respondents in regions dominated by a right-wing, anti-climate party grow less concerned...

Persistent link: https://www.econbiz.de/10014486223

The Size and Composition of Wealth Holdings in the United States, Italy, and the Netherlands

Kapteyn, Arie - 2003

This paper analyzes retirement saving and portfolio choice in the United States, Italy, and the Netherlands. While these countries enjoy roughly the same standard of living, they vary widely in their institutional organization of retirement income provisions. Building on extensions of the life...

Persistent link: https://www.econbiz.de/10012468512

Financial Literacy, Retirement Planning, and Household Wealth

van Rooij, Maarten - 2011

savings plan has been shown to boost wealth. Overall, financial literacy, both directly and indirectly, is found to have a …

Persistent link: https://www.econbiz.de/10012461319

Financial Literacy, Retirement Preparation and Pension Expectations in the Netherlands

Alessie, Rob J. - 2011

We present new evidence on financial literacy and retirement preparation in the Netherlands based on two surveys conducted before and after the onset of the financial crisis. We document that while financial knowledge did not increase from 2005 to 2010, significantly more individuals planned for...

Persistent link: https://www.econbiz.de/10012461548

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