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Time preference assumptions in normative analyses of household financial decisions
Hanna, Sherman; Kim, Kyoungtae - In: Applied economics letters 21 (2014) 7/9, pp. 609-612
Persistent link: https://www.econbiz.de/10010414777
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Wealth Accumulation and the Propensity to Plan
Ameriks, John; Caplin, Andrew; Leahy, John V. - 2021
Why do similar households end up with very different levels of wealth? We show that differences in the attitudes and skills with which they approach financial planning are a significant factor. We use new and unique survey data to assess these differences and to measure each household's...
Persistent link: https://www.econbiz.de/10013227735
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Individual Financial Decisions in Retirement Saving Plans and the Provision of Resources for Retirement
Poterba, James M. - 2000
Proposals for mandatory private saving accounts differ in the degree of investment discretion that they provide to individual savers, and in their provisions for annuitization of accumulated assets. With respect to investment choices, some argue that individuals must be prevented from investing...
Persistent link: https://www.econbiz.de/10012789302
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Demographic Patterns and Household Saving in China
Curtis, Chadwick - 2011
This paper studies the effect that changing demographic patterns have had on the household saving rate in China. We undertake a quantitative investigation using an overlapping generations (OLG) model where agents live for 85 years. Consumers begin to exercise decision making when they are 18....
Persistent link: https://www.econbiz.de/10013129127
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Identifying the Benefits from Home Ownership : A Swedish Experiment
Sodini, Paolo - 2016
This paper studies the economic benefits of home ownership. Exploiting a quasi-experiment surrounding privatization decisions of municipally-owned apartment buildings, we obtain random variation in home ownership for otherwise similar buildings with similar tenants. We link the tenants to their...
Persistent link: https://www.econbiz.de/10012978099
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What are the Headwaters of Formal Savings? Experimental Evidence from Sri Lanka
Callen, Michael - 2014
The world's poor are seeing a rapid expansion in access to formal savings accounts. What is the source of savings when … each week. We find that the headwaters of formal savings lie in sacrificed leisure time: households work more, and improved … savings options generate an increase in labor effort in both self-employment and in the wage market. The results suggest that …
Persistent link: https://www.econbiz.de/10013040526
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Information search in pension plan decisions
Johansen, Kathrin - In: Applied economics letters 20 (2013) 16/18, pp. 1648-1650
Persistent link: https://www.econbiz.de/10010223159
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Default, Framing and Spillover Effects : the Case of Lifecycle Funds in 401(K) Plans
Mitchell, Olivia S. - 2009
Important behavioral factors such as default and framing effects are increasingly being employed to optimize decision-making in a variety of settings, including individually-directed retirement plans. Yet such approaches may have unintended "spillover" effects, as we show with regard to the...
Persistent link: https://www.econbiz.de/10013158535
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Pension Funding, Share Prices, and National Saving
Feldstein, Martin S. - 2004
and an incentive to save more themselves. For this reason, unfunded private pensions differ fundamentally from the … unfunded Social Security pension and the other unfunded federal government civilian and military pensions …
Persistent link: https://www.econbiz.de/10012786263
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Lump-Sum Distributions from Retirement Saving Plans : Receipt and Utilization
Poterba, James M. - 2010
One of the central issues in evaluating the ongoing shift from defined benefit (DB) to defined contribution (DC) pension plans is the degree to which assets in DC plans will be withdrawn before plan participants reach retirement age. The annual flow of withdrawals from such plans, which are...
Persistent link: https://www.econbiz.de/10012763718