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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

The Effects of Special Saving Programs on Saving and Wealth

Poterba, James M. - 2008

Individual saving through targeted retirement saving accountsthorn;IRAs and 401(k)sthorn;grew rapidly in the United States during the 1980s. The microeconomic evidence presented in this paper suggests that most of the contributions to these programs represent new saving that would not otherwise...

Persistent link: https://www.econbiz.de/10012774990

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

Lump-Sum Distributions from Retirement Saving Plans : Receipt and Utilization

Poterba, James M. - 2010

One of the central issues in evaluating the ongoing shift from defined benefit (DB) to defined contribution (DC) pension plans is the degree to which assets in DC plans will be withdrawn before plan participants reach retirement age. The annual flow of withdrawals from such plans, which are...

Persistent link: https://www.econbiz.de/10012763718

Pre-Retirement Cashouts and Foregone Retirement Saving : Implications for 401(K) Asset Accumulation

Poterba, James M. - 2010

This paper presents new evidence on the potential importance of 401(K) assets in contributing to the retirement resources of future retirees. We use data on past 401(k) participation rates by age and imcome decile, along with information on average 401(k) contribution rates, to project the...

Persistent link: https://www.econbiz.de/10012763774

Personal Retirement Saving Programs and Asset Accumulation : Reconciling the Evidence

Poterba, James M. - 2009

Over the past several years, we have undertaken a series of analysies of the effect of IRA and 401(k) contributions on net personal saving. Saver hetero- geneity is the key impediment to determining the saving effect of these plans We emphasize that no single method can provide sure control for...

Persistent link: https://www.econbiz.de/10012768107

The Drawdown of Personal Retirement Assets

Poterba, James M. - 2011

How households draw down their balances in personal retirement accounts (PRAs) such as 401(k) plans and IRAs can have an important effect on retirement income security and on federal income tax revenues. This paper examines the withdrawal behavior of retirement-age households in the SIPP and...

Persistent link: https://www.econbiz.de/10013131664

401(K) Plans and Tax-Deferred Saving

Poterba, James M. - 2011

This paper examines the role of 40 1(k) plans in retirement saving by U.S. households. It charts the rapid growth of these plans during the 1980s; more than 15 million workers now participate in 401(k)s. Data from the Survey of Income and Program Participation are used to calculate 401(k)...

Persistent link: https://www.econbiz.de/10013132334

The Composition and Draw-Down of Wealth in Retirement

Poterba, James M. - 2011

equity and non-annuitized financial assets as "precautionary savings," tending to draw them down only when they experience a …

Persistent link: https://www.econbiz.de/10013119048

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