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Do Mandatory Pensions Decrease Household Savings? Evidence for the Netherlands
Euwals, Rob - 2004
income. The goal of this paper is to test for the effect of mandatory pensions on discretionary household savings. The data … pensions have a significant negative impact on savings motives with respect to old age. Concerning the effect on household … are drawn from the CentER Savings Survey, which consists of a representative and a highest-income-decile sample of Dutch …
Persistent link: https://www.econbiz.de/10012786283
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Predicting Retirement Savings Using Survey Measures of Exponential-Growth Bias and Present Bias
Goda, Gopi Shah - 2018
In a nationally-representative sample, we predict retirement savings using survey-based elicitations of exponential … present over the future, are highly significant and economically meaningful predictors of retirement savings. These … calculations suggest that eliminating EGB and PB would increase retirement savings by approximately 12 percent …
Persistent link: https://www.econbiz.de/10012911197
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Wealth Accumulation and the Propensity to Plan
Ameriks, John; Caplin, Andrew; Leahy, John V. - 2021
Why do similar households end up with very different levels of wealth? We show that differences in the attitudes and skills with which they approach financial planning are a significant factor. We use new and unique survey data to assess these differences and to measure each household's...
Persistent link: https://www.econbiz.de/10013227735
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Accumulating and spending retirement assets : a behavioral finance explanation
Schooley, Diane K.; Worden, Debra D. - In: Financial services review : the journal of individual … 22 (2013) 2, pp. 173-186
Persistent link: https://www.econbiz.de/10010351618
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How Financial Literacy and Impatience Shape Retirement Wealth and Investment Behaviors
Hastings, Justine S. - 2011
Two competing explanations for why consumers have trouble with financial decisions are gaining momentum. One is that people are financially illiterate since they lack understanding of simple economic concepts and cannot carry out computations such as computing compound interest, which could...
Persistent link: https://www.econbiz.de/10013130966
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Individual Financial Decisions in Retirement Saving Plans and the Provision of Resources for Retirement
Poterba, James M. - 2000
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/10012789302
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How Much to Save? Decision Costs and Retirement Plan Participation
Goldin, Jacob; Homonoff, Tatiana Alexandra; Patterson, … - 2022
Deciding how much to save for retirement can be complicated. Drawing on a field experiment conducted with the Department of Defense, we study whether such complexity depresses participation in an employer-sponsored retirement saving plan. We find that simplifying one dimension of the enrollment...
Persistent link: https://www.econbiz.de/10013290384
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Develop a retirement plan and stick to it : it will improve both your attitude and behavior with money
Willows, Gizelle D. - In: Financial services review : the journal of individual … 28 (2020) 3, pp. 243-271
Persistent link: https://www.econbiz.de/10012792716
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Exploring the demand for retirement planning advice : the role of financial literacy
Seay, Martin C.; Kim, Kyoungtae; Heckman, Stuart J. - In: Financial services review : the journal of individual … 25 (2016) 4, pp. 331-350
Persistent link: https://www.econbiz.de/10011688038
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Improving collegiate financial literacy via financial education seminars
Handy, Jonathan; Pontari, Beth; Smythe, Thomas; … - In: Financial services review : the journal of individual … 29 (2021) 4, pp. 315-341
Persistent link: https://www.econbiz.de/10014501195