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How financial literacy and impatience shape retirement wealth and investment behaviors
Hastings, Justine S.; Mitchell, Olivia S. - In: Journal of pension economics and finance : JPEF 19 (2020) 1, pp. 1-20
Persistent link: https://www.econbiz.de/10012156702
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The effect of uncertain labor income and social security on life-cycle portfolios
Maurer, Raimond; Mitchell, Olivia S.; Rogalla, Ralph - 2010
NBER Bulletin on Aging and Health by email. This paper examines how labor income volatility and social security benefits … can influence lifecycle household portfolios. We examine how much the individual optimally saves and where, taking into … account liquid financial wealth and annuities, and stocks as well as bonds. Higher labor income uncertainty and lower old …
Persistent link: https://www.econbiz.de/10003932192
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The Effect of Uncertain Labor Income and Social Security on Life-cycle Portfolios
Maurer, Raimond - 2010
This paper examines how labor income volatility and social security benefits can influence lifecycle household … annuities, and stocks as well as bonds. Higher labor income uncertainty and lower old-age benefits boost demand for stable … income in retirement, but also when young. In addition, a declining equity glide path with age is appropriate for the worker …
Persistent link: https://www.econbiz.de/10012462970
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The Effect of Uncertain Labor Income and Social Security on Life-Cycle Portfolios
Maurer, Raimond - 2010
This paper examines how labor income volatility and social security benefits can influence lifecycle household … annuities, and stocks as well as bonds. Higher labor income uncertainty and lower old-age benefits boost demand for stable … income in retirement, but also when young. In addition, a declining equity glide path with age is appropriate for the worker …
Persistent link: https://www.econbiz.de/10013148650
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The Effect of Uncertain Labor Income and Social Security on Life-Cycle Portfolios
Maurer, Raimond - 2011
This paper examines how labor income volatility and social security benefits influence life-cycle household portfolios … stocks versus bonds. Higher labor income uncertainty and lower old-age benefits boost demand for stable income in retirement …, but also when young. In addition, a declining equity glide path with age is appropriate for the worker with low income …
Persistent link: https://www.econbiz.de/10013134565
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Betting on death and capital markets in retirement: A shortfall risk analysis of life annuities versus phased withdrawal plans
Dus, Ivica; Maurer, Raimond H.; Mitchell, Olivia S. - Center for Financial Studies - 2004
How might retirees consider deploying the retirement assets accumulated in a defined contribution pension plan? One possibility would be to purchase an immediate annuity. Another approach, called the phased withdrawal strategy in the literature, would have the retiree invest his funds and then...
Persistent link: https://www.econbiz.de/10010986362
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Betting on death and capital markets in retirement: A shortfall risk analysis of life annuities versus phased withdrawal plans
Dus, Ivica; Maurer, Raimond H.; Mitchell, Olivia S. - 2004
How might retirees consider deploying the retirement assets accumulated in a defined contribution pension plan? One possibility would be to purchase an immediate annuity. Another approach, called the 'phased withdrawal' strategy in the literature, would have the retiree invest his funds and then...
Persistent link: https://www.econbiz.de/10010298279
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Incentivizing older people to delay social security claiming
Maurer, Raimond; Mitchell, Olivia S. - 2017
Given rising life expectations around the world, it seems that old-age pension benefits will need to be cut and pension contributions boosted in many nations. Yet our research on old-age system reforms does not require raising mandatory retirement ages or contributions. Instead, we offer ways to...
Persistent link: https://www.econbiz.de/10011674526
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How would 401(k) "Rothification" alter saving, retirement security, and inequality?
Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2022
Many nations incentivize retirement saving by letting workers defer taxes on pension contributions, imposing them when retirees withdraw their funds. Using a dynamic life cycle model, we show how 'Rothification' - that is, taxing 401(k) contributions rather than payouts - alters saving,...
Persistent link: https://www.econbiz.de/10013466634
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Financial Literacy and Planning: Implications for Retirement Wellbeing
Lusardi, Annamaria; Mitchell, Olivia S. - Centre for Research on Pensions and Welfare Policies … - 2005
Evidence suggests only a minority of American households feels “confident” about retirement saving adequacy. Little is known about why people fail to plan for retirement, and whether planning and information costs might affect retirement saving patterns. To better understand these issues, we...
Persistent link: https://www.econbiz.de/10005012776