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retirement investing behavior. The authors developed and tested two modifications to the section on investment performance on the … same hypothetical task allocating retirement investments over a range of six possible typical investment fund options …
Persistent link: https://www.econbiz.de/10013137407
The purpose of this paper is to discuss a few issues related to how best to communicate uncertainty about projections … Chilean regulator (Superintendencia de Pensiones, SP) that addresses directly how to convey that uncertainty and aims at …
Persistent link: https://www.econbiz.de/10009684018
financial literacy abilities before retirement they may be more willing to choose simplified and satisfactory solutions.• A … retirement consumption puzzle has been observed as wealthy individuals do not decumulate portfolio assets efficiently during … retirement and therefore retirement income models may be overstating retirement living expenses.• Wealthy people are living …
Persistent link: https://www.econbiz.de/10012961137
the area of private pensions. These responses are examined in the light of international guidelines, best practices and … recommendations to improve the design of private pensions …
Persistent link: https://www.econbiz.de/10013127081
of retirement wealth can serve as a reliable supplement to existing pension products. …
Persistent link: https://www.econbiz.de/10011512972
risks, savings, and retirement? This study aims to deepen our understanding of how different age groups process choices in … relation to future risk and retirement planning in diverse decision-making environments. In a series of experiments, we examine … how age and the life cycle interact with the decision-making environment concerning savings, retirement and well …
Persistent link: https://www.econbiz.de/10013104015
We study how background health risk affects financial risk-taking. We elicit financial risk-taking behavior of a representative sample of more than 5,000 Germans in five panel waves during the COVID-19 pandemic. Exploiting variation in local infections across time and space, we find that an...
Persistent link: https://www.econbiz.de/10014357514
We show how to use panel data on household consumption to directly estimate households’ risk preferences. Specifically, we measure heterogeneity in risk aversion among households in Thai villages using a full risk-sharing model, which we then test allowing for this heterogeneity. There is...
Persistent link: https://www.econbiz.de/10011757115
In fifteen European countries, China, and the US, stocks and business equity as a share of total household assets are represented by an increasing and convex function of income/wealth. A parsimonious model fitted to the data shows why background labor-income risk can explain much of this...
Persistent link: https://www.econbiz.de/10012251025
We study how background health risk affects financial risk-taking. We elicit financial risk-taking behavior of a representative sample of more than 5,000 Germans in five panel waves during the COVID-19 pandemic. Exploiting variation in local infections across time and space, we find that an...
Persistent link: https://www.econbiz.de/10014252316