of sensitivity to framing in investment decisions. Policymakers interested in enhancing retirement wellbeing would do …

How households draw down their balances in personal retirement accounts (PRAs) such as 401(k) plans and IRAs can have … an important effect on retirement income security and on federal income tax revenues. This paper examines the withdrawal … behavior of retirement-age households in the SIPP and finds a modest rate of withdrawals prior to the age of 701⁄2, the age at …

affected Social Security benefits and taxes. The analysis uses data from the Health and Retirement Study to ask how different … and Retirement Study, ages 51 to 56 in 2004, that after adjusting for nominal wage growth, benefits were increased by 1 …

Most state and local retirement plans strive for full funding, at least by actuarial standards. Funding measured at …

This paper presents evidence on the resources available to households as they enter retirement. It draws heavily on … data collected by the Health and Retirement Study and calculates the "potential additional annuity income" that households … could purchase, given their holdings of non-annuitized financial assets at the start of retirement. Even if households used …

same time, the distribution of wealth is widely dispersed and many workers arrive on the verge of retirement with few or no … from the equity premium. Second, financial literacy is positively related to retirement planning, and the development of a …

financial literacy and retirement planning, we develop an IV strategy by making use of regional variation in the financial … knowledge of peers. We find a positive impact of financial knowledge on retirement planning …

show that people who score higher on the financial literacy questions are also much more likely to plan for retirement …

We present new evidence on financial literacy and retirement preparation in the Netherlands based on two surveys … 2005 to 2010, significantly more individuals planned for their retirement in 2010. At the same time, employees …' expectations about the level of their pension income are high compared to what retirement plans may realistically provide. However …

Relatively little is known about why people fail to plan for retirement and whether planning and information costs … might affect retirement saving patterns. This paper reports on a purpose-built survey module on planning and financial … literacy for the Health and Retirement Study which measures how people make financial plans, collect the information needed to …