Showing 1 - 10 of 3,316
In a large online experiment, we relate the retirement timing decision to the disparity between the willingness … order to delay retirement is elicited. Our results reveal that the framing of the decision problem strongly influences … participants' reservation price for early retirement. The willingness-to-accept for early retirement is more than twice as high as …
Persistent link: https://www.econbiz.de/10012973339
heavy scrutiny. In particular, tax preferences to boost retirement savings in employer-provided retirement plans has been at … usefulness of such retirement tax expenditures in boosting savings. Using quasi-experiments, rich data, and robust statistical … retirement savings plans had virtually no effect on total savings. This has prompted discussions in the United States about the …
Persistent link: https://www.econbiz.de/10014161388
This paper investigates whether exposure to explanatory diagrams can affect a major financial decision. In a controlled experiment, participants were given pension benefit statements with or without one or two diagrams, before answering incentivised questions that measured recall, comprehension...
Persistent link: https://www.econbiz.de/10011805646
Intertemporal tradeoffs play a key role in many personal decisions and policy questions. We describe models of intertemporal choice, identify empirical regularities in choice, and pose new questions for research. The focus for intertemporal choice research is no longer whether the exponential...
Persistent link: https://www.econbiz.de/10014023383
Lost and forgotten retirement savings accounts are increasingly becoming a problem. This paper uses proprietary data … website, created by the Israeli financial regulator to help individuals find and manage inactive retirement savings accounts … savings over time. We show evidence that after the campaigns, inactive retirement accounts still only received limited …
Persistent link: https://www.econbiz.de/10013231254
Using data from a randomized controlled trial in 300 public high schools in Peru, this paper studies the potential of school-based financial education programs for youth. The intervention improves students’ and teachers’ financial knowledge by 0.14 SD and 0.32 SD, respectively. The impact of...
Persistent link: https://www.econbiz.de/10011882060
annuitization decision as well as how quickly or slowly to spend down assets in retirement. Accordingly, we conclude that narrow …
Persistent link: https://www.econbiz.de/10012849840
annuitization decision as well as how quickly or slowly to spend down assets in retirement. Accordingly, we conclude that narrow …
Persistent link: https://www.econbiz.de/10012870224
personalized feedback consisting of recommendations to self-set saving goals. These recommendations trigger increases in savings of … address crowding-out behavior into other forms of saving …
Persistent link: https://www.econbiz.de/10012858261
personalized feedback consisting of recommendations to self-set saving goals. These recommendations trigger increases in savings of … address crowding-out behavior into other forms of saving. …
Persistent link: https://www.econbiz.de/10012126111