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relationship between the gender gap in financial literacy and the gender gap in pension savings amongst non-retired adults aged 18 … where the focus is on pension savings and a more structural specification where the focus is on the "pension return" (the … ratio of pension savings to cumulative earnings). Oaxaca-Blinder decomposition analysis suggests that around 8.5 per cent of …
Persistent link: https://www.econbiz.de/10013187217
Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings … workers decide on their own individual savings, that the fully-funded occupational system is decided upon by the age cohort of … pension savings are the only sources of capital supply. When capital supply equals demand from industry there is equilibrium …
Persistent link: https://www.econbiz.de/10012160984
We show that people exposed to greater pension risk are less likely to invest in risky assets. We exploit a reform that links people's future pension benefits to their pension funds' funding ratio - a measure of the fund's financial health-making funding ratios a fund-specific measure of pension...
Persistent link: https://www.econbiz.de/10012194519
This chapter defines a universal public pension scheme (UPPS) as a government-mandated lifecycle longevity insurance scheme that transfers individual consumption from the working years to the retirement phase of the lifecycle. It discusses the differences in four UPPS designs defined with regard...
Persistent link: https://www.econbiz.de/10011993112
were interviewed to assess their knowledge about pensions and financial issues and about their own savings and personal …
Persistent link: https://www.econbiz.de/10012262648
Persistent link: https://www.econbiz.de/10001875426
more light on the relationship between public and private savings by analyzing private pension scheme participation in the … an increase in, or crowding in of, private savings. -- Ageing ; savings behavior ; social security ; subjective …
Persistent link: https://www.econbiz.de/10003753597
In this paper we document the importance of framing effects in the retirement savings decisions of college professors … contribution. Employees can also make tax-deferred contributions to a supplemental savings account. A standard lifecycle savings … model predicts a "dollar-for-dollar" tradeoff between supplemental savings and the combined regular pension contributions …
Persistent link: https://www.econbiz.de/10003603599
Empirical analyses of the effects of public and private pensions on household saving impose strong assumptions in order to obtain a tractable empirical model: fixed retirement and pension claiming ages, no borrowing constraint, little or no uncertainty, and no institutional restrictions on...
Persistent link: https://www.econbiz.de/10009233017
Concerns over the adequacy of low and middle-income earner contributions to retirement plans have led governments to introduce targeted matching schemes. In this study, we examine the effects of a simple and generous Australian scheme using administrative tax-filer data, exploiting longitudinal...
Persistent link: https://www.econbiz.de/10012373119