Showing 1 - 10 of 50
The primary motivation for retirement savings policy is the view that many of us, if left to our own devices, will not save enough for retirement. Special tax subsidies for employer-sponsored retirement plans — a principal component of the federal policy scheme — have made such plans the...
Persistent link: https://www.econbiz.de/10013019967
Persistent link: https://www.econbiz.de/10012418669
We develop an equilibrium theory of employer-sponsored retirement plan design using a behavioral contract theory approach. The operation of the labor market results in retirement plans that generally cater to, rather than correct, workers' mistakes. Our theory provides new explanations for a...
Persistent link: https://www.econbiz.de/10012903014
Persistent link: https://www.econbiz.de/10015139555
Persistent link: https://www.econbiz.de/10009709120
Persistent link: https://www.econbiz.de/10009685865
Persistent link: https://www.econbiz.de/10010394380
Persistent link: https://www.econbiz.de/10009549284
Keys, Mukherjee, and Vig (2010a) argue that the evidence presented in Bubb and Kaufman (2009) is based on an inappropriate pooling of loans sold to private-label securitizers with loans sold to the government sponsored enterprises (GSEs). In this paper we investigate the issues raised by the...
Persistent link: https://www.econbiz.de/10010280883
Credit score cutoff rules result in very similar potential borrowers being treated differently by mortgage lenders. Recent research has used variation induced by these rules to investigate the connection between securitization and lender moral hazard in the recent financial crisis. However, the...
Persistent link: https://www.econbiz.de/10010286943