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critical for understanding the relationship between aggregate fertility and household savings. First, we document that parents … household savings. Then, we construct an OLG model that parametrically matches the PE empirical evidence. Finally, we extend the … aggregate fertility on household savings …
Persistent link: https://www.econbiz.de/10013053493
There is considerable variation in retirement savings within income, age, and educational categories. Using a broad … retirement savings, even while controlling for measures of IQ and general financial literacy as well as a rich set of demographic … savings. We assess potential threats to a causal interpretation of our results with a hypothetical choice experiment and …
Persistent link: https://www.econbiz.de/10013017085
Defined contribution (DC) pensions are an increasingly important means of financing retirement consumption. Because …
Persistent link: https://www.econbiz.de/10013017488
, precautionary savings and retirement planning are positively correlated, but this is mostly driven by perceived, not actual …
Persistent link: https://www.econbiz.de/10013019487
A central justification for social insurance and for other policies aimed at retirement savings is that individuals may … payroll taxes and other withholding to fund retirement savings as akin to an income tax, while largely ignoring the distant …, making savings-promotion policies much more costly than appreciated. Or consider what may be the labor supply implications …
Persistent link: https://www.econbiz.de/10013024147
The vast majority of Individual Retirement Account contributions represent net new saving, based on evidence from the quarterly Consumer Expenditure Surveys (CES). The results are based on analysis of the relationship between IRA contributions and other financial asset saving. The data show...
Persistent link: https://www.econbiz.de/10013218431
security are the least well informed about their social security benefits, while those who are most dependent on pensions are …
Persistent link: https://www.econbiz.de/10013222897
elasticity for such an important source of loanable funds in the economy suggests that the pensions funding mechanism should be …
Persistent link: https://www.econbiz.de/10013224409
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
This paper examines the impact of the aging demographic structure of the U.S. on its funded private pension system. A 75-year outlook is produced for the pension system corresponding to the 75-year forecast of the Social Security system. The primary result is that the pension system will cease...
Persistent link: https://www.econbiz.de/10013235879