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Impact of Defaults in Retirement Saving Plans : Public Employee Plans

Clark, Robert L. - 2019

This study examines the impact of the adoption automatic enrollment provisions by the state of South Dakota for its supplemental retirement saving plan (SRP). In South Dakota, state and local government employees, including teachers, are also covered by a defined benefit pension plan and by...

Persistent link: https://www.econbiz.de/10012480178

Nudging Retirement Savings : A Field Experiment on Supplemental Plans

Clark, Robert L. - 2017

Although supplemental saving plans can be an important part of an individual's financial security in retirement, contribution rates remain low, particularly among those with lower salaries and less education. We report findings from a field experiment that distributed an informational nudge...

Persistent link: https://www.econbiz.de/10012455003

Financial Knowledge and 401(k) Investment Performance

Clark, Robert L. - 2014

Using a unique new dataset linking administrative data on investment performance and financial knowledge, we examine whether investors who are more financially knowledgeable earn more on their retirement plan investments, compared to their less sophisticated counterparts. We find that...

Persistent link: https://www.econbiz.de/10012458527

Post-Retirement Adjustments of Pension Benefits

Allen, Steven G. - 1984

This paper examines why pension plans increased their liabflities by giving benefit increases to persons no longer working even though almost al lof them were not required to do so by any legally enforceable contract. In our model workers and firms have implicit contracts under which...

Persistent link: https://www.econbiz.de/10012477726

Strengthening Employment-Based Pensions in Japan

Clark, Robert L. - 2002

We investigate how the Japanese pension market for funded employment-based pensions is changing and how it might be … strengthened in order to better serve one of the most rapidly aging populations in the world. Public and private pensions in Japan … legislation. Next we show that important design questions remain to be answered, if Japanese employment-based pensions are to be …

Persistent link: https://www.econbiz.de/10012469823

Post-Retirement Increases in Pensions in the 1980s : Did Plan Finances Matter?

Allen, Steven G. - 1993

Many firms give post-retirement increases in pension benefits to retirees even though the pension contract does not require such increases. A leading explanation of this behavior is that benefit increases are part of an implicit contract where retirees accept lower initial benefits in return for...

Persistent link: https://www.econbiz.de/10012474537

Pensions and Firm Performance

Allen, Steven G. - 1987

pensions on firm performance cannot be predicted. Firms with pensions should have lower turnover rates and more efficient … pension coverage is associated with higher productivity, a proposition that is supported by indirect evidence on pensions …

Persistent link: https://www.econbiz.de/10012476802

Can Simple Informational Nudges Increase Employee Participation in a 401(k) Plan?

Clark, Robert L. - 2013

savings programs, even though these programs offer substantial tax advantages and immediate returns due to matching …

Persistent link: https://www.econbiz.de/10012459070