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Pension Plan Characteristics and Framing Effects in Employee Savings Behavior

Card, David - 2007

In this paper we document the importance of framing effects in the retirement savings decisions of college professors … contribution. Employees can also make tax-deferred contributions to a supplemental savings account. A standard lifecycle savings … model predicts a quot;dollar-for-dollarquot; tradeoff between supplemental savings and the combined regular pension …

Persistent link: https://www.econbiz.de/10012776456

Do Private Pensions Increase National Saving?

Feldstein, Martin S. - 2021

This paper discusses how private pension programs differ from public social security in their likely impact on aggregate saving. Although private pensions are likely to reduce direct saving by employees, this should be offset by the combination of companies' partial funding and the shareholders...

Persistent link: https://www.econbiz.de/10013252346

The Impact of Annuity Insurance on Savings and Inequality

Kotlikoff, Laurence J.; Shoven, John B.; Spivak, Avia - 2021

This is the first paper to document the effect of health on the migration propensities of African Americans in the American past. Using both IPUMS and the Colored Troops Sample of the Civil War Union Army Data, I estimate the effects of literacy and health on the migration propensities of...

Persistent link: https://www.econbiz.de/10013230210

Private Pensions and Public Pensions : Theory and Fact

Blinder, Alan S. - 2008

are the effects of private and public pensions on savings and retirement decisions? …

Persistent link: https://www.econbiz.de/10012774854

Explaining Pension Dynamics

Luzadis, Rebecca A. - 2007

Some contend the US labor market will fail to adapt smoothly to an aging workforce, whereas others argue that employee pensions can and will play an important role in helping companies induce desired turnover patterns. This paper undertakes a longitudinal examination of pension retirement...

Persistent link: https://www.econbiz.de/10012777143

Optimizing the Retirement Portfolio : Asset Allocation, Annuitization, and Risk Aversion

Horneff, Wolfram J. - 2007

Retirees must draw down their accumulated assets in an orderly fashion so as not to exhaust their funds too soon. We derive the optimal retirement portfolio from a menu that includes payout annuities as well as an investment allocation and a withdrawal strategy, assuming risk aversion,...

Persistent link: https://www.econbiz.de/10012778385

Betting on Death and Capital Markets in Retirement : A Shortfall Risk Analysis of Life Annuities

Dus, Ivica - 2005

Retirees must draw down their accumulated assets in an orderly fashion, so as not to exhaust their funds too soon. We compare alternative phased withdrawal strategies to a life annuity benchmark using German data; one particular phased withdrawal rule seems attractive, as it offers relatively low...

Persistent link: https://www.econbiz.de/10012784759

The History of Annuities in the United States

Poterba, James M. - 2002

This paper summarizes the development of private annuity markets in the United States. Annuities constituted a small share of the U.S. insurance market until the 1930s, when two developments contributed to their growth. First, concerns about the stability of the financial system drove investors...

Persistent link: https://www.econbiz.de/10012787497

Navigating Complex Financial Decisions at Retirement : Evidence from Annuity Choices in Public Sector Pensions

Clark, Robert L. - 2018

Choices regarding the disposition of wealth at retirement can have substantial implications for retirement income security. We analyze the factors determining annuity option choices offered by a public sector defined pension plan with no default annuity option. Using combined administrative...

Persistent link: https://www.econbiz.de/10012909863

Life Cycle Annuity Valuation

Bernheim, B. Douglas - 2010

-examination of existing empirical evidence concerning the effects of Social Security on personal savings, retirement, and the …

Persistent link: https://www.econbiz.de/10012762969

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