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Aging, taxes and pensions in Switzerland

Keuschnigg, Christian - 2016

until 2050. To quantify the effects on pensions, taxes and social contributions, we use an overlapping generations model …

Persistent link: https://www.econbiz.de/10011416024

Funded and unfunded pension schemes : risk, return and welfare

Miles, David - 2000

pensions and on a particular type of unfunded (PAYG) pension. Surprisingly little is known about the optimal split between … state the importance of PAYG pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate …

Persistent link: https://www.econbiz.de/10009781509

Exploring the demand for retirement planning advice : the role of financial literacy

Seay, Martin C.; Kim, Kyoungtae; Heckman, Stuart J. - In: Financial services review : the journal of individual … 25 (2016) 4, pp. 331-350

Persistent link: https://www.econbiz.de/10011688038

Time inconsistency and retirement choice

Scott, Findley, T.; Caliendo, Frank - 2015

Hyperbolic discounting with naiveté is widely believed to provide a better explanation than exponential discounting of why people borrow so much and why they wait so long to save for retirement. We reach a different set of conclusions. We show that if financial planning is enriched to include...

Persistent link: https://www.econbiz.de/10010479952

Forced saving, redistribution and nonlinear social security schemes

Cremer, Helmuth; De Donder, Philippe; Maldonado, Darío; … - 2008

selfʺ emerges when labor supply and savings decisions are made. The social welfare function is paternalistic: the rate of … show that the paternalistic solution does not necessarily imply forced savings for the myopics. This is because …

Persistent link: https://www.econbiz.de/10003720340

Personalized reminders : evidence from a field experiment with voluntary retirement savings in Colombia

Gars, Jared; Prada, Laura; Tripodi, Egon; Borda, Santiago - 2025

savings. However, many enrollees fail to contribute regularly. We conduct a randomized controlled trial with 2,819 BEPS users … personalized reminders significantly increase both the frequency and amount of savings, with individuals who recognize their … timing in sustaining engagement in voluntary savings programs. …

Persistent link: https://www.econbiz.de/10015332086

Do retirement savings increase in response to information about retirement and expected pensions?

Dolls, Mathias; Doerrenberg, Philipp; Peichl, Andreas; … - 2018

How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … public pension payments. This reform did not change the level of pensions, but only provided information to individuals about … these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide …

Persistent link: https://www.econbiz.de/10011782119

Wealth Accumulation and the Propensity to Plan

Ameriks, John; Caplin, Andrew; Leahy, John Vincent - 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

The Drawdown of Personal Retirement Assets

Poterba, James M. - 2011

How households draw down their balances in personal retirement accounts (PRAs) such as 401(k) plans and IRAs can have an important effect on retirement income security and on federal income tax revenues. This paper examines the withdrawal behavior of retirement-age households in the SIPP and...

Persistent link: https://www.econbiz.de/10013131664

Risk, return and portfolio allocation under alternative pension arrangements with imperfect financial markets

Miles, David; Černý, Aleš - 2001

importance of unfunded, state pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate of … is rapid and unfunded pensions are currently generous. …

Persistent link: https://www.econbiz.de/10011398101