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Individual Financial Decisions in Retirement Saving Plans and The Provision of Resources for Retirement
Poterba, James M. - 1996
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/10012473072
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How will 401(k) pension plans affect retirement income?
Samwick, Andrew; Skinner, Jonathan - In: The American economic review 94 (2004) 1, pp. 329-343
Persistent link: https://www.econbiz.de/10002034961
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Impact of Defaults in Retirement Saving Plans : Public Employee Plans
Clark, Robert L. - 2019
This study examines the impact of the adoption automatic enrollment provisions by the state of South Dakota for its supplemental retirement saving plan (SRP). In South Dakota, state and local government employees, including teachers, are also covered by a defined benefit pension plan and by...
Persistent link: https://www.econbiz.de/10012480178
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Rational and Behavioral Perspectives on the Role of Annuities in Retirement Planning
Brown, Jeffrey R. - 2007
This paper discusses the role of annuities in retirement planning. It begins by explaining the basic theory underlying the individual welfare gains available from annuitizing resources in retirement. It then contrasts these findings with the empirical findings that so few consumers behave in a...
Persistent link: https://www.econbiz.de/10012465109
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Pension Plan Characteristics and Framing Effects in Employee Savings Behavior
Card, David - 2007
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 …
Persistent link: https://www.econbiz.de/10012465376
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The Importance of Default Options for Retirement Savings Outcomes : Evidence from the United States
Beshears, John - 2006
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 …
Persistent link: https://www.econbiz.de/10012466662
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Turning Workers into Savers? Incentives, Liquidity, and Choice in 401(k) Plan Design
Mitchell, Olivia S. - 2005
We develop a comprehensive model of 401(k) pension design that reflects the complex tax, savings, liquidity and …
Persistent link: https://www.econbiz.de/10012466946
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Valuing Assets in Retirement Saving Accounts
Poterba, James - 2004
Many studies compare household balances in tax-deferred retirement accounts such as 401(k) plans with financial assets held outside these accounts, but these different asset components are not directly comparable. Taxes and in some cases penalties are due when assets are withdrawn from some...
Persistent link: https://www.econbiz.de/10012468298
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Utility Evaluation of Risk in Retirement Saving Accounts
Poterba, James - 2003
The shift from defined benefit to defined contribution plans in the United States has drawn new attention to the effect of participants' asset allocation decisions on their financial resources for retirement. This paper develops a stochastic simulation algorithm to evaluate the effect of holding...
Persistent link: https://www.econbiz.de/10012468805
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Defined Contribution Pensions : Plan Rules, Participant Decisions, and the Path of Least Resistance
Choi, James J. - 2001
We assess the impact on savings behavior of several different 401(k) plan features, including automatic enrollment … education. We also present new survey evidence on individual savings adequacy. Many of our conclusions are based on an analysis … of micro-level administrative data on the 401(k) savings behavior of employees in several large corporations that …
Persistent link: https://www.econbiz.de/10012470060