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How do Behavioral Approaches to Increase Savings Compare? Evidence from Multiple Interventions in the U.S. Army
Patterson, Richard W.; Skimmyhorn, William L. - National Bureau of Economic Research - 2022
increase retirement savings. However, gauging the relative efficacy of these approaches is challenging because the supporting … rates, active choice, and automatic enrollment) designed to increase retirement savings. Consistent with previous literature …, we find sizable effects of savings interventions on participation and cumulative contributions that increase with the …
Persistent link: https://www.econbiz.de/10013462745
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Plan Design and Participant Behavior in Defined Contribution Retirement Plans : Past, Present, and Future
Reuter, Jonathan - National Bureau of Economic Research - 2024
savings are smaller than the short-run effects, with some savings financed via debt. I also review efforts to expand access to … employer-based retirement savings and liquid savings, the pros and cons of target date funds as default investment options …
Persistent link: https://www.econbiz.de/10014635616
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Using the pension multiple to measure retirement outcomes
Minney, Aaron; Zhu, Zili; Guo, Ying; Li, Jiaming; … - In: Finance research letters 49 (2022), pp. 1-8
Persistent link: https://www.econbiz.de/10013479606
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Social Security, Bequests, and the Life Cycle Theory of Saving : Cross-Sectional Tests
Blinder, Alan S. - 1981
This paper studies the asset holdings of white American men near retirement age. Assets as conventional defined show no tendency to decline with age, in apparent contradiction of the life-cycle theory of saving. However, a broadened concept of assets which includes expected future pension...
Persistent link: https://www.econbiz.de/10012478504
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Does Saving Anticipate Declining Labor Income? An Alternative Test of the Permanent Income Hypothesis
Campbell, John Y. - 1986
The permanent income hypothesis implies that people save because they rationally expect their labor income to decline; they save "for a rainy day". It follows that saving should be at least as good a predictor of declines in labor income as any other forecast that can be constructed from publicly...
Persistent link: https://www.econbiz.de/10012477272
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Do Older Adults Accurately Forecast Their Social Security Benefits?
Seiter, Grant M.; Slavov, Sita N. - National Bureau of Economic Research - 2023
How accurate are older people's expectations about their future Social Security benefits? Using panel data from the Health and Retirement Study, we compare respondents' observed Social Security claiming ages and benefits with subjective expectations provided during their 50s and early 60s. We...
Persistent link: https://www.econbiz.de/10014247944
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Quantifying and Explaining the Decline in Public-School Teacher Retirement Benefits
Abashidze, Nino; Clark, Robert L.; Craig, Lee A. - National Bureau of Economic Research - 2022
In recent decades, many states have reduced future retirement benefits for newly hired teachers. We estimate that in 2020 the average initial monthly retirement benefit, for teachers retiring with 30 years of service, is 11.2 percent lower than that of teachers retiring in the same plan with the...
Persistent link: https://www.econbiz.de/10013388828
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Nonfinancial defined contribution pension schemes : is a survivor dividend necessary to make the system balanced?
Boado-Penas, María del Carmen; Vidal-Meliá, Carlos - In: Applied economics letters 21 (2014) 4/6, pp. 242-247
Persistent link: https://www.econbiz.de/10010413882
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Social Security Wealth, Inequality, and Lifecycle Saving
Sabelhaus, John - 2020
Wealth inequality in the US is high and rising, but Social Security is generally not considered in those wealth measures. Social Security Wealth (SSW) is the present value of future benefits that an individual will receive less the present value of future taxes they will pay. When an individual...
Persistent link: https://www.econbiz.de/10012481693
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Aging, Saving, and Public Pensions in Japan
Horioka, Charles Yuji - 2007
We analyze the impact of population aging on Japan's household saving rate and on its public pension system and the impact of that system on Japan's household saving rate and obtain the following results: first, the age structure of Japan's population can explain the level of, and past and...
Persistent link: https://www.econbiz.de/10012465378