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 …

were interviewed to assess their knowledge about pensions and financial issues and about their own savings and personal … then ran a randomized experiment to evaluate the effect of increased information regarding pensions on women’s awareness …

Public pay-as-you-go pensions still form the dominant pillar of old-age provision in Germany. This is in marked …

In this paper we document the importance of framing effects in the retirement savings decisions of college professors …. Pensions in many post-secondary institutions are funded by a combination of an employer contribution and a mandatory employee … contribution. Employees can also make tax-deferred contributions to a supplemental savings account. A standard lifecycle savings …

This paper summarizes the empirical evidence on how defaults impact retirement savings outcomes. After outlining the … defaults impact retirement savings outcomes at all stages of the savings lifecycle, including savings plan participation …, savings rates, asset allocation, and post-retirement savings distributions. The paper then discusses why defaults have such a …

We develop a comprehensive model of 401(k) pension design that reflects the complex tax, savings, liquidity and …