Showing 1 - 9 of 9
We develop a comprehensive model of 401(k) pension design that reflects the complex tax, savings, liquidity and …
Persistent link: https://www.econbiz.de/10012466946
In view of the growth and popularity of defined contribution pensions, along with the government's growing attention to … rates and expense ratios, and we estimate this could lead to aggregate savings for these participants over a 20-year period …
Persistent link: https://www.econbiz.de/10012456818
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
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
between workers and their employers. In this paper, we show that recent research on pensions in the labor market offers … considerable insight into long-term labor market arrangements. Most importantly. we explore how pensions influence employee …
Persistent link: https://www.econbiz.de/10012474665
by combinations of defined benefit and defined contribution plans, with the latter usually a savings and thrift plan …
Persistent link: https://www.econbiz.de/10012475261
pensions can and will play an important role in helping companies induce desired turnover patterns. This paper undertakes a … financial incentives inherent in pensions, so that most of our attention is directed to analysis of financial benefit level …
Persistent link: https://www.econbiz.de/10012475962
their pensions. There are also demographic differences: nonwhites have less pension knowledge than whites, but women are …
Persistent link: https://www.econbiz.de/10012476654
Most defined contribution pension plans pay benefits as lump sums, yet the US Treasury has recently encouraged firms to protect retirees from outliving their assets by converting a portion of their plan balances into longevity income annuities (LIA). These are deferred annuities which initiate...
Persistent link: https://www.econbiz.de/10012455963