This Chapter explores how an environment of persistent low returns influences saving, investing, and retirement … observed saving, work, and claiming age behavior of U.S. households. In particular, our model generates a large peak at the …

-back guarantees. These guarantees influenced participant consumption, saving, and investment behavior in the higher interest rate … savers' wellbeing of implementing market-based retirement account guarantees, using a life cycle consumption and portfolio … that abandoning these guarantees could enhance old-age consumption for over 80% of retirees, particularly lower earners …

subjective survival probabilities. Moreover, this information also boosts respondents' interest in saving and demand for …

-back guarantees. These guarantees influenced participant consumption, saving, and investment behavior in the higher interest rate … savers' wellbeing of implementing market-based retirement account guarantees, using a life cycle consumption and portfolio … that abandoning these guarantees could enhance old-age consumption for over 80% of retirees, particularly lower earners …