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longitudinal examination of pension retirement incentives in several dozen plans observed between about 1960 to 1980. The plans … under study instituted many changes over this period, several of which enhanced the financial payoff to early retirement …. These alterations included increases in benefit levels, reductions in early, normal and mandatory retirement ages, and cuts …
Persistent link: https://www.econbiz.de/10012475962
As the level of retirement-related assets has grown, so too has public and private interest in so-called "Socially …
Persistent link: https://www.econbiz.de/10012466925
Large publicly-held pools of assets are playing an increasingly prominent role in the global investment arena. We compare three distinct forms of such public funds, namely foreign exchange reserve funds, sovereign wealth funds, and public pension funds, to highlight their differences and...
Persistent link: https://www.econbiz.de/10012464569
This paper examines the role and function of pension plans covering state and local government employees in the United States. Covering about 16 million employees (including teachers, fire fighters, police, members of the judiciary, and many other state and local employees), these plans manage a...
Persistent link: https://www.econbiz.de/10012473604
advising them work to accumulate funds for retirement. Until recently, less analysis has been devoted to the pension … decumulation process -- the process by which retirees finance their consumption during retirement. This gap has recently begun to … retirement consumption. We also examine key market and regulatory factors …
Persistent link: https://www.econbiz.de/10012469621
This paper uses administrative data on all active employees of the Federal Reserve System to examine participation in and contributions to the Thrift Saving Plan, the system's defined contribution (DC) plan. We have appended to the administrative records a unique employee survey of...
Persistent link: https://www.econbiz.de/10012457207
malleable preferences among retirement investors and a demand for default-based guidance or simplified advice for households …
Persistent link: https://www.econbiz.de/10012460747