China's household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U … stable while it is the transitory variance that rises sharply. A calibration of a buffer-stock savings model indicates that … rising savings rates among younger households are consistent with rising income uncertainty and higher saving rates among …

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

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 … savings plan has been shown to boost wealth. Overall, financial literacy, both directly and indirectly, is found to have 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 …

An enhanced version of a structural model jointly explains benefit claiming, wealth and retirement, including reversals … Retirement Study data, it does a better job of predicting claiming than previous versions. Alternative beliefs about the future … entitlement age, increasing the full retirement age, and eliminating the payroll tax for seniors. Predicted responses to …