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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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The Welfare Economics of Default Options in 401(K) Plans
Bernheim, B. Douglas - 2011
Default contribution rates for 401(k) pension plans powerfully influence workers' choices. Potential causes include opt-out costs, procrastination, inattention, and psychological anchoring. We examine the welfare implications of defaults under each of these theories. We show how the optimal...
Persistent link: https://www.econbiz.de/10013118423
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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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Social Security Expectations and Retirement Savings Decisions
Dominitz, Jeff - 2002
Retirement savings decisions should depend on expectations of Social Security retirement income. Persons may be … savings …
Persistent link: https://www.econbiz.de/10012787376
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Imperfect Annuity Markets, Unintended Bequests, and the Optimal Age Structure of Social Security Benefits
Feldstein, Martin S. - 2010
optimal savings and therefore the level of unintended bequests. While those bequests may have no value to the retirees, they …
Persistent link: https://www.econbiz.de/10012762759
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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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Pre-Retirement Cashouts and Foregone Retirement Saving : Implications for 401(K) Asset Accumulation
Poterba, James M. - 2010
This paper presents new evidence on the potential importance of 401(K) assets in contributing to the retirement resources of future retirees. We use data on past 401(k) participation rates by age and imcome decile, along with information on average 401(k) contribution rates, to project the...
Persistent link: https://www.econbiz.de/10012763774
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Aggregate Fertility and Household Savings : A General Equilibrium Analysis Using Micro Data
Banerjee, Abhijit V. - 2014
critical for understanding the relationship between aggregate fertility and household savings. First, we document that parents … household savings. Then, we construct an OLG model that parametrically matches the PE empirical evidence. Finally, we extend the … aggregate fertility on household savings …
Persistent link: https://www.econbiz.de/10013053493