Showing 1 - 10 of 98
Many Americans claim Social Security benefits early, though this leaves them with lower benefits throughout retirement … strategic survey about the lump sum. In other words, such a reform could provide an avenue for encouraging delayed retirement …
Persistent link: https://www.econbiz.de/10012113997
Retirees confront the difficult problem of how to manage their money in retirement so as to not outlive their funds … allocation decisions when managing her retirement financial wealth and annuities, and we prove that she can benefit from both the … equity premium and longevity insurance in her retirement portfolio. Even without bequests, she will not fully annuitize …
Persistent link: https://www.econbiz.de/10010958527
Over the life-cycle, wealth holdings tend to be highest in the early part of retirement. The quality of financial …
Persistent link: https://www.econbiz.de/10012113998
retirement security, enhancing welfare by up to 20% of retiree plan accruals. …
Persistent link: https://www.econbiz.de/10011936359
This paper documents the trends in the life-cycle profiles of net worth and housing equity between 1983 and 2004. The net worth of older households significantly increased during the housing boom of recent years. However, net worth grew by more than housing equity, in part because other assets...
Persistent link: https://www.econbiz.de/10010986413
In this study, we investigate the wealth decumulation decision from the perspective of a retiree who is averse to the prospect of fully annuitizing her accumulated savings. We field a large online survey of hypothetical product choices for phased drawdown offerings and annuities. While the...
Persistent link: https://www.econbiz.de/10012118739
The German government has recently adopted a reform package for the statutory pension insurance scheme to ensure that the pension level will not fall below 48% and that the contribution rate will not exceed 20% up to 2025. In addition, there are planned improvements in maternal pensions,...
Persistent link: https://www.econbiz.de/10011927041
assessment of the status quo prior to the spread of the coronavirus, evaluates how retirement systems are faring in the wake of … the shock. Next we examine insurance and financial market products that may render retirement systems more resilient for …
Persistent link: https://www.econbiz.de/10012321902
How might retirees consider deploying the retirement assets accumulated in a defined contribution pension plan? One …
Persistent link: https://www.econbiz.de/10010986362
We estimate the effect of pension reforms on households expectations of retirement outcomes and private wealth … expectations of the age at which workers expect to retire and of the ratio of pension benefits to pre-retirement income between …
Persistent link: https://www.econbiz.de/10010986388