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planning model show that savings rates would need to rise sharply for households hoping to maintain the same standard of living … savings needs to fund legacy goals and a negative impact on client spending throughout their life cycle. Advisors may need to …
Persistent link: https://www.econbiz.de/10012981066
correct for some parts of household savings, we question the correctness of the unitary model with respect to non …-mandatory retirement savings. To answer this question we analyze the intra-household allocation of retirement savings between partners in … of household decision making can thus be rejected with respect to retirement savings …
Persistent link: https://www.econbiz.de/10012969363
In this paper, I am using the data from the 2013 Chinese Household Finance Survey (CHFS) to explore the impacts of … have diversified ways to support financial life after retirement. In addition, annual household disposable income, family …
Persistent link: https://www.econbiz.de/10012910582
We exploit exogenous variation from a pension reform in Denmark to estimate the effect of tax subsidies on total private saving. We present new evidence on individuals in the middle of the income distribution and show that a reduction in tax subsidies for retirement saving reduces total private...
Persistent link: https://www.econbiz.de/10014236722
We exploit exogenous variation from a pension reform in Denmark to estimate the effect of tax subsidies on total private saving. We present new evidence on individuals in the middle of the income distribution and show that a reduction in tax subsidies for retirement saving reduces total private...
Persistent link: https://www.econbiz.de/10013375227
article uses data from the Spanish Survey of Household Finances to estimate the additional savings generated by this type of …The tax incentive enjoyed by workplace pension schemes could encourage participants to increase their total savings or …, alternatively, crowd out savings that would have materialised in other financial vehicles in the absence of this incentive. This …
Persistent link: https://www.econbiz.de/10013405812
pension contributions and expected standard of living in retirement, using microdata from the German Panel on Household … sharing. The empirical results suggest that household bargaining is significantly correlated with individual retirement … household resources amongst each other in retirement. Finally, our data indicate that intracouple information sharing and …
Persistent link: https://www.econbiz.de/10012697947
pension contributions and expected standard of living in retirement, using microdata from the German Panel on Household … sharing. The empirical results suggest that household bargaining is significantly correlated with individual retirement … household resources amongst each other in retirement. Finally, our data indicate that intracouple information sharing and …
Persistent link: https://www.econbiz.de/10013310307
The German population has good financial knowledge measured on the basis of three financial literacy questions. Around 85 % of the individuals comprehend the functioning of interest and inflation. And 60 % of the individuals understand the relationship of risk and diversification. Overall around...
Persistent link: https://www.econbiz.de/10013149191
Target date funds in corporate retirement plans grew from $5B in 2000 to $734B in 2018, partly because federal regulation sanctioned these as default investments in automatic enrollment plans. We show that adopters delegated pension investment decisions to fund managers selected by plan...
Persistent link: https://www.econbiz.de/10012665505