Showing 1 - 5 of 5
private sector, defined benefit (DB) pensions are still the norm in the public sector. However, a few jurisdictions have … shifted towards defined contribution (DC) plans as their primary savings plan, and fiscal pressures are likely to generate … retirement in other accounts. There is also substantial heterogeneity across jurisdictions in the savings generated in primary DC …
Persistent link: https://www.econbiz.de/10013130979
on savings. Low-saving employees received simplified plan enrollment or contribution increase forms. A randomized subset … savings of non-participants who were ineligible for 401(k) automatic enrollment, and higher observed peer savings rates also … decreased savings. Discouragement from upward social comparisons seems to drive this reaction …
Persistent link: https://www.econbiz.de/10013121011
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/10012767434
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/10013245508
What is the socially optimal level of liquidity in a retirement savings system? Liquid retirement savings are desirable … their employer-based defined contribution (DC) retirement savings systems. We find that all of them, with the sole exception …
Persistent link: https://www.econbiz.de/10013022597