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In a nationally-representative sample, we predict retirement savings using survey-based elicitations of exponential … present over the future, are highly significant and economically meaningful predictors of retirement savings. These … calculations suggest that eliminating EGB and PB would increase retirement savings by approximately 12 percent. …
Persistent link: https://www.econbiz.de/10011902764
By requiring individuals to decide whether to participate in (newly established) pension funds, how much to contribute and how to invest their retirement wealth, pension reforms have raised concerns about the ability of households to deal with financial decisions. Using the Bank of Italy's...
Persistent link: https://www.econbiz.de/10013127003
from three Australian retirement savings funds. Available US and UK evidence is somewhat mixed on both the measures that …
Persistent link: https://www.econbiz.de/10013094555
This paper explores (1) whether plan demographic characteristics would affect individual participant contribution rates and target-date fund investments and (2) equity glide paths for participants in relation to plan demographics by considering target replacement income and its success rate....
Persistent link: https://www.econbiz.de/10013159106
This paper examines the retirement savings investment choices of Australian workers over a three year period, including …
Persistent link: https://www.econbiz.de/10013142351
This paper investigates retirees' optimal purchases of fixed and variable longevity income annuities using their defined contribution (DC) plan assets and given their expected Social Security benefits. As an alternative, we also evaluate using plan assets to boost Social Security benefits...
Persistent link: https://www.econbiz.de/10013554899
savings plan has been shown to boost wealth. Overall, financial literacy, both directly and indirectly, is found to have a … strong link to household wealth. -- Financial Education ; Savings and Wealth Accumulation ; Retirement Preparation …
Persistent link: https://www.econbiz.de/10009298377
income. The goal of this paper is to test for the effect of mandatory pensions on discretionary household savings. The data … pensions have a significant negative impact on savings motives with respect to old age. Concerning the effect on household … are drawn from the CentER Savings Survey, which consists of a representative and a highest-income-decile sample of Dutch …
Persistent link: https://www.econbiz.de/10012786283
Persistent link: https://www.econbiz.de/10012984960
Are retirement savings sufficient to finance a good pension income? This highly uncertain and subjective dimension of … replacement rates are systematically higher than the American rates - the perceived savings adequacy is more or less the same … across Dutch and American workers. Moreover, individuals' perceived savings adequacy was found to be influenced by the three …
Persistent link: https://www.econbiz.de/10014216984