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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

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from defined benefit (DB) to defined contribution (DC) pension plans is the degree to which assets in DC plans will be withdrawn before plan participants reach retirement age.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

Portfolio Allocation for Public Pension Funds

Pennacchi, George - 2012

This paper presents a dynamic model of a public pension fund's choice of portfolio risk. Optimal portfolio allocations are derived when pension fund management maximize the utility of wealth of a representative taxpayer or when pension fund management maximize their own utility of compensation....

Persistent link: https://www.econbiz.de/10013115597

Pension Funding, Pension Asset Allocation, and Corporate Finance : Evidence from Individual Company Data

Friedman, Benjamin M. - 2021

This paper examines the relationship between U.S. corporations' management of their pension plans and their management of the more familiar aspects of corporate financial structure. The chief conclusion, on the basis of data for 7,828 pension plans sponsored by 1,836 companies and their...

Persistent link: https://www.econbiz.de/10013247286

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

The Incentive Effects of Private Pension Plans

Kotlikoff, Laurence J. - 2010

The proportion of workers covered by pensions has increased very substantially over the past two or three decades, and in particular the number of older workers with pensions continues to increase. During the same period,and especially in the past decade, the labor force participation of older...

Persistent link: https://www.econbiz.de/10012762972

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

The Welfare Economics of Default Options in 401(K) Plans

Bernheim, B. Douglas - 2011

Default contribution rates for 401(k) pension plans powerfully influence workers' choices. Potential causes include opt-out costs, procrastination, inattention, and psychological anchoring. We examine the welfare implications of defaults under each of these theories. We show how the optimal...

Persistent link: https://www.econbiz.de/10013118423

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