Similar Search Results

Demographic Change, Social Security Systems, and Savings

Bloom, David E. - 2010

little effect on savings rates. In many countries, however, retirement incentives in social security programs prevent … retirement ages from keeping pace with changes in life expectancy, leading to an increased need for life-cycle savings. Analyzing … a cross-country panel of macroeconomic data, we find that increased longevity raises aggregate savings rates in …

Persistent link: https://www.econbiz.de/10012760611

Supplemental Plan Offerings and Retirement Saving Choices : An Analysis of North Carolina School Districts

Clark, Robert L.; Hanson, Emma; Morrill, Melinda Sandler; … - 2021

savings plan and allow multiple vendors to offer products. Using individual-level payroll data from over half of the public …-district differences in supplemental plan administration on participation in these savings vehicles. We find wide variation in total …

Persistent link: https://www.econbiz.de/10013224977

Nudging Retirement Savings : A Field Experiment on Supplemental Plans

Clark, Robert L. - 2017

Although supplemental saving plans can be an important part of an individual's financial security in retirement, contribution rates remain low, particularly among those with lower salaries and less education. We report findings from a field experiment that distributed an informational nudge...

Persistent link: https://www.econbiz.de/10012949441

The Role of Financial Literacy in Determining Retirement Plans

Clark, Robert L. - 2010

Workers nearing retirement face many important, and often irreversible, choices. We collected detailed demographic and financial literacy data on over 1,500 workers nearing retirement at three large companies to assess how individuals are planning for retirement. Many respondents display limited...

Persistent link: https://www.econbiz.de/10013134999

A Theory of Retirement

Bloom, David E. - 2007

We construct a life-cycle model in which retirement occurs at the end of life as a result of declining health. We show that improvements in life expectancy, coupled with a delay in the onset of disability, increases both the optimal consumption level and the proportion of life spent in leisure....

Persistent link: https://www.econbiz.de/10012775556

Planning for Retirement? The Importance of Time Preferences

Clark, Robert L. - 2017

Ensuring retirement income security is a priority for individuals, employers, and policymakers. Using merged administrative and survey data for public sector workers in North Carolina, we explore how workers' characteristics and preferences are associated with planning and saving for retirement....

Persistent link: https://www.econbiz.de/10012954469

The Effect of Subjective Survival Probabilities on Retirement and Wealth in the United States

Bloom, David E. - 2010

We explore the proposition that expected longevity affects retirement decisions and accumulated wealth using micro data drawn from the Health and Retirement Study for the United States. We use data on a person's subjective probability of survival to age 75 as a proxy for their prospective...

Persistent link: https://www.econbiz.de/10012760540

Golden Years or Financial Fears? Decision Making after Retirement Seminars

Allen, Steven G. - 2015

Many organizations provide retirement planning seminars to their employees as a benefit to help them make better informed retirement decisions. This study examines the participants in 85 seminars conducted by five companies in 2008 and 2009 to determine how much learning takes place and whether...

Persistent link: https://www.econbiz.de/10013035335