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Are Americans Saving "Optimally" for Retirement?

Scholz, John Karl; Seshadri, Ananth; Khitatrakun, Surachai - 2022

This paper examines the degree to which Americans are saving optimally for retirement. Our standard for assessing optimality comes from a life-cycle model that incorporates uncertain lifetimes, uninsurable earnings and medical expenses, progressive taxation, government transfers, and pension and...

Persistent link: https://www.econbiz.de/10013308504

Private Saving and Public Policy

Bernheim, B. Douglas; Scholz, John Karl - 2022

pensions would probably have little effect on saving by higher income households. However, these households are more likely to …

Persistent link: https://www.econbiz.de/10013309345

Australia'S Retirement Income System : Implications for Saving and Capital Markets

Edey, Malcolm; Simon, John A. - 2021

Australia is in the early stages of introducing a system of self-provision for retirement through mandatory contributions to" private superannuation funds. For most employees, the scheme will eventually replace, either fully or partially, the government age pension, currently relied upon by a...

Persistent link: https://www.econbiz.de/10013229118

Small Cues Change Savings Choices

Choi, James J. - 2012

In randomized field experiments, we embedded one- to two-sentence anchoring, goal-setting, or savings threshold cues in … emails to employees about their 401(k) savings plan. We find that anchors increase or decrease 401(k) contribution rates by … up to 1.9% of income. A high savings goal example raises contribution rates by up to 2.2% of income. Highlighting a …

Persistent link: https://www.econbiz.de/10013110472

The Wealth of Cohorts : Retirement Saving and the Changing Assets of Older Americans

Wise, David A. - 2012

Personal retirement accounts are becoming an increasingly important form of retirement saving. Using data from the Survey of Income and Program Participation, the paper considers the effect of this change on the assets of recent retirees and persons who are approaching retirement. Much of the...

Persistent link: https://www.econbiz.de/10013111735

Defying Gravity : How Long Will Japanese Government Bond Prices Remain High?

Hoshi, Takeo - 2012

Recent academic papers have shown that the Japanese sovereign debt situation is not sustainable. The puzzle is that the bond rate has remained low and stable. Some suggest that the low yield can be explained by domestic residents' willingness to hold Japanese government bonds (JGBs) despite its...

Persistent link: https://www.econbiz.de/10013102193

The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security

Abel, Andrew B. - 2010

Is the stock market boom a result of the baby boom? This paper develops an overlapping generations model in which a baby boom is modeled as a high realization of a random birth rate, and the price of capital is determined endogenously by a convex cost of adjustment. A baby boom increases...

Persistent link: https://www.econbiz.de/10012762982

Inefficiency of Corporate Investment and Distortion of Savings Behavior in Japan

Ando, Albert - 2009

The value of corporate equity in Japan is dramatically smaller than that implied by the sum of the reproduction cost of accumulated investment and the market value of land owned by corporations (that is, the Tobin's average 'q' is much smaller than unity). This discrepancy appears to result from...

Persistent link: https://www.econbiz.de/10012767782

Defined Contribution Pension Plans : Sticky or Discerning Money?

Sialm, Clemens - 2013

Participants in defined contribution (DC) retirement plans rarely adjust their portfolio allocations, suggesting that their investment choices and consequent money flows are sticky and not discerning. Yet, the participants' inertia could be offset by the DC plan sponsors, who adjust the plan's...

Persistent link: https://www.econbiz.de/10013073952

Baby Boomer Retirement Security : The Roles of Planning, Financial Literacy, and Housing Wealth

Lusardi, Annamaria - 2007

estimates show that planning behavior can explain the differences in savings and why some people arrive close to retirement with …

Persistent link: https://www.econbiz.de/10012778261

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