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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 … 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
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Should you take a lump-sum or annuitize? : Results from Swiss pension funds
Bütler, Monika (contributor); Teppa, Federica (contributor) - 2005
We use a unique dataset on individual retirement decisions in Swiss pension funds to analyze the choice between an … annuity and a lump sum at retirement. Our analysis suggests the existence of an acquiescence biasʺ, meaning that a majority of …
Persistent link: https://www.econbiz.de/10003297508
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Taxing pensions
Cremer, Helmuth; Pestieau, Pierre - 2016 - March 2016, revised May 2016
There exists a wide variety of tax treatments of pensions across the world. And the reasons for such a range of regimes are not clear. This note reviews the general principles of pension taxes and analyses the theoretical foundations of why pension incomes ought to be taxed specifically. To do...
Persistent link: https://www.econbiz.de/10011482705
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Why mandate young borrowers to contribute to their retirement accounts?
Andersen, Torben M.; Bhattacharya, Joydeep - 2017
contributions into retirement accounts, that too, in an age-independent manner. This is puzzling because such funded pension schemes … effectively mandate the young, who wish to borrow, to save for retirement. Further, if agents are present-biased, they disagree … with the intent of such schemes and attempt to undo them by reducing their own saving or even borrowing against retirement …
Persistent link: https://www.econbiz.de/10011688004
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Why forcing people to save for retirement may backfire
Bütler, Monika (contributor); Huguenin, Olivia (contributor) - 2005
the retirement income is deemed sufficient and the pension plan avails withdrawal of benefits. We provide evidence using … findings suggest that affordability is a key determinant in the retirement decisions. The higher the accumulated pension …
Persistent link: https://www.econbiz.de/10002757821
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Demography and provisions for retirement : the pension composition, a behavioral approach
Praag, Bernard M. S. van; Hop, J. Peter - 2020
hundred age brackets and we investigate how changes in the birth rates, survival rates, and the retirement age affect the …
Persistent link: https://www.econbiz.de/10012154725
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Does mandatory saving crowd out voluntary saving? : evidence from a pension reform
Hougaard Jensen, Svend Erik; Olafsson, Sigurdur P.; … - 2022
Recently, mandatory pension contributions in the private sector in Iceland were increased substantially while remaining unchanged in the public sector. This constituted a large natural experiment. We study the effects of this experiment on households’ voluntary saving using administrative...
Persistent link: https://www.econbiz.de/10013440376
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Risk sharing in defined-contribution funded pension systems
Beetsma, Roel; Alessandro, Bucciol - 2011 - This version: November 9, 2011
This paper explores the introduction of collective risk-sharing elements in defined contri-bution pension contracts. We consider status-contingent, age-contingent and asset contingent risk-sharing arrangements. All arrangements raise aggregate welfare, as measured by equiva- lent variations....
Persistent link: https://www.econbiz.de/10009377796
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The role of the annuity's value on the decision (not) to annuitize : evidence from a large policy change
Bütler, Monika (contributor); Staubli, Stefan (contributor) - 2008
pension scheme: The 20 percent reduction in the rate at which retirement capital is translated into a life-long annuity …
Persistent link: https://www.econbiz.de/10003749467
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Mandatory participation in occupational pension schemes in the Netherlands and other countries
Chen, Damiaan H. J.; Beetsma, Roel - 2014
This paper discusses mandatory participation in Dutch occupational pension schemes. While mandatory participation is a historical feature of most second-pillar pension arrangements, some recent developments may affect the case for mandatory participation. The main ones are the revision of the...
Persistent link: https://www.econbiz.de/10010234527