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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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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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Active vs. Passive Decisions and Crowdout in Retirement Savings Accounts : Evidence from Denmark
Chetty, Raj - 2013
Using 41 million observations on savings for the population of Denmark, we show that the impacts of retirement savings … policies on wealth accumulation depend on whether they change savings rates by active or passive choice. Subsidies for … retirement accounts, which rely upon individuals to take an action to raise savings, primarily induce individuals to shift assets …
Persistent link: https://www.econbiz.de/10013088874
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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
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Personal Accounts and Family Retirement
Gustman, Alan L.; Steinmeier, Thomas L. - 2021
This paper constructs a model of retirement and saving by two earner couples. The model includes three dimensions of behavior: the joint determination of retirement and saving; heterogeneity in time preference; and the interdependence of retirement decisions of husbands and wives. Estimation is...
Persistent link: https://www.econbiz.de/10013244905
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Simplifying Choices in Defined Contribution Retirement Plan Design
Keim, Donald B. - 2016
In view of the growth and popularity of defined contribution pensions, along with the government's growing attention to … rates and expense ratios, and we estimate this could lead to aggregate savings for these participants over a 20-year period …
Persistent link: https://www.econbiz.de/10013001774
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Investor Behavior and the Purchase of Company Stock in 401(K) Plans - the Importance of Plan Design
Liang, Nellie - 2002
Using panel data for nearly 1,000 companies during 1991 to 2000, this paper documents that the average share of participant's discretionary 401(k) contributions in company stock was almost 20 percent, and then relates this share to plan design features and firm financial characteristics. We find...
Persistent link: https://www.econbiz.de/10012787121
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Panel data model comparison for empirical saving-investment relations
Herwartz, Helmut; Fang, Xu - In: Applied economics letters 16 (2009) 7/9, pp. 803-807
Persistent link: https://www.econbiz.de/10003855016