Showing 1 - 6 of 6
This paper discusses the role of annuities in retirement planning. It begins by explaining the basic theory underlying the individual welfare gains available from annuitizing resources in retirement. It then contrasts these findings with the empirical findings that so few consumers behave in a...
Persistent link: https://www.econbiz.de/10012759761
pensions in the U.S. Drawing on the research commissioned for an NBER research program on this topic, we discuss the large … also lay out an agenda for future research related to financial aspects of public pensions, retiree health plans for public …
Persistent link: https://www.econbiz.de/10013129214
This paper examines why some employers provide matching contributions to 401(k) plans in company stock and explores the implications of match policy for employee retirement wealth. Unlike stock option grants to non-executives, a firm's decision to match in company stock does not appear to be...
Persistent link: https://www.econbiz.de/10012785747
This paper examines the extent of redistribution that would occur under various annuity and bequest options as part of an individual accounts retirement program. I first estimate mortality differentials by gender, race, ethnicity and level of education using the National Longitudinal Mortality...
Persistent link: https://www.econbiz.de/10012763753
This paper provides evidence on the investment behavior of 27 state pension plans that manage their own equity portfolios. Even though these state plans typically hold broadly diversified portfolios, they substantially over-weight the equity of companies that are headquartered in-state. The...
Persistent link: https://www.econbiz.de/10013224347
This paper explores the current tax treatment of non-qualified immediate annuities and distributions from tax-qualified retirement plans in the United States. First, we describe how immediate annuities held outside retirement accounts are taxed. We conclude that the current income tax treatment...
Persistent link: https://www.econbiz.de/10013228615