This Chapter explores how an environment of persistent low returns influences saving, investing, and retirement … behaviors, as compared to what in the past had been thought of as more "normal" financial conditions. Our calibrated lifecycle … observed saving, work, and claiming age behavior of U.S. households. In particular, our model generates a large peak at the …

Many nations incentivize retirement saving by letting workers defer taxes on pension contributions, imposing them when …) contributions rather than payouts – alters saving, investment, consumption, and Social Security claiming patterns. We find that …

Many nations incentivize retirement saving by letting workers defer taxes on pension contributions, imposing them when …) contributions rather than payouts - alters saving, investment, consumption, and Social Security claiming patterns. We find that …

-back guarantees. These guarantees influenced participant consumption, saving, and investment behavior in the higher interest rate …

calibrated lifecycle consumption and portfolio choice model embodying realistic institutional considerations. Our welfare …

investment decisions to fund managers selected by plan sponsors. Including these funds in retirement saving menus raised equity …

The U.S. has long incentivized retirement saving in 401(k) and similar retirement accounts by permitting workers to … life-cycle model to show how and whether “Rothification” — that is, taxing 401(k) contributions rather than payouts — would … alter household saving, investment, and Social Security claiming patterns. We show that these changes differ importantly for …