Retirement in Europe (SHARE) to examine the wealth accumulation (saving) behavior of the retired elderly in Europe. To summarize … period). These findings strongly suggest that the Wealth Decumulation (or Retirement Saving) Puzzle (the tendency of the … our main findings, we find that less than half of the retired elderly in Europe are decumulating their wealth and that the …

households have wealth levels far greater than necessary to maintain their living standards into and through retirement. … extent to which those who recently reached the state pension age in the UK have saved optimally for retirement. The policy … from the English Longitudinal Study of Ageing, an optimal level of wealth is calculated for each household. This is …

We conduct a randomized controlled trial to understand how a web-based retirement saving calculator affects workers …' retirement-savings decisions. In both conditions, the calculator projects workers' retirement income goal. In the treatment … condition, it also projects retirement income based on defined-contribution savings, prominently displays the gap between …