Similar Search Results

Do retirement savings increase in response to information about retirement and expected pensions?

Dolls, Mathias; Doerrenberg, Philipp; Peichl, Andreas; … - 2018

How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … public pension payments. This reform did not change the level of pensions, but only provided information to individuals about … these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide …

Persistent link: https://www.econbiz.de/10011782119

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/10013464027

The impact of Covid-19 on pensions due to early withdrawals of pension savings

Castro, Rubén; González, Leonardo; Schiappacasse, Ignacio - 2022

The Chilean pension system was hit hard during 2020-2021 by the withdrawal of 25 per cent of the individual pensions … pensions, including its heterogeneity matrix to simulate the distribution of pension impacts. The withdrawal impact decreases … percent and 37 percent for males and females' new self-financed pensions around the year 2022, which goes to about 56 percent …

Persistent link: https://www.econbiz.de/10014494309

Mapping the minds of retirement planners

Hershey, Douglas A.; Henkens, Kène; Dalen, Hendrik P. van - 2006

This study explored the psychological mechanisms that underlie the retirement planning and saving tendencies of Dutch and American workers. Participants were 988 Dutch and 429 Americans, 25-64 years of age. Analyses were designed to: (a) examine the extent to which structural variables were...

Persistent link: https://www.econbiz.de/10011349213

Aging, saving, and public pensions in Japan

Horioka, Charles (contributor); Suzuki, Wataru (contributor) - 2007

; aging ; household ; household saving ; intergenerational inequity ; Japan ; pension reform ; pensions ; population aging … ; public pensions ; public pension reform ; saving ; social security …

Persistent link: https://www.econbiz.de/10003490425

Optimal sharing of labor productivity risks and mix of pay-as-you-go and savings

Kusmerski Bilard, Debora - 2008

-As-You-Go (PAYG) social security, and the mix ofPAYG and savings for retirement provision in a small open economy. It shows that … paper also provides acondition for partial displacement of savings by the PAYG, which is in line with vastempirical evidence. …

Persistent link: https://www.econbiz.de/10011376622

Saving and taxation in a voluntary pension system : toward an agent-based model

Király, Balázs; Simonovits, András - 2016

pension system, where savings are matched by government grants. Accounting for the resulting tax expenditure, our models …

Persistent link: https://www.econbiz.de/10011451322

Limited Computational Ability and Social Security

Caliendo, Frank - 2013

We revisit the role of social security in countering inadequate saving for retirement. We compute the optimal social security tax rate for households who lack the computational ability to solve dynamic optimization problems. Instead, they follow the simple rule of thumb of consuming and saving a...

Persistent link: https://www.econbiz.de/10013081922

Is Social Security Behind the Collapse of Personal Saving?

Caliendo, Frank - 2009

This paper considers the quantitative role of growth in the size of the social security program in contributing to the collapse of personal saving in the U.S. over the last few decades. Using a calibrated, general equilibrium life-cycle model this paper shows that social security may not be to...

Persistent link: https://www.econbiz.de/10013157190

Pension expectations and reality : what do Italian workers know about their future public pension benefits?

Baldini, Massimo; Mazzaferro, Carlo; Onofri, Paolo - 2015

We use 6 waves of the Bank of Italy's Survey on household income and wealth (SHIW) to check the evolution of workers' expectations on future pension benefits and retirement age from 2000 to 2012. Based on these two subjective evaluations, we compute a measure of expected pension benefit and...

Persistent link: https://www.econbiz.de/10011715810