We study a retirement savings plan with a default contribution rate of 12% of income, which is much higher than …

Medium- and long-run dynamics undermine the effect of automatic enrollment and default savings-rate auto-escalation on … retirement savings. Our analysis of nine 401(k) plans incorporates the facts that employees frequently leave firms (often before …

dynamic model with realistic tax, minimum distribution, and Social Security benefit rules produces results that agree with … optimally devote more of their savings to non-retirement accounts and less to 401(k) accounts, since the relative appeal of … investing in taxable versus tax-qualified retirement accounts is lower in a low return setting. Finally, we show that people …

Atkinson-Stiglitz and Chamley-Judd results, this article raises the issue of tax-favored retirement savings, a topic where the … determination than in tax determination. Apart from some simulation studies, theoretical studies of optimal tax design typically … two subjects come together. -- pension ; income tax ; social security …