Narrow search
Showing 1 - 10 of 534
Cover Image
How Much to Save? Decision Costs and Retirement Plan Participation
Goldin, Jacob - 2020
Deciding how much to save for retirement can be complicated. Drawing on a field experiment conducted with the Department of Defense, we study whether such complexity depresses participation in an employer-sponsored retirement saving plan. We find that simplifying one dimension of the enrollment...
Persistent link: https://www.econbiz.de/10012481430
Cover Image
How Financial Literacy and Impatience Shape Retirement Wealth and Investment Behaviors
Hastings, Justine S. - 2011
Two competing explanations for why consumers have trouble with financial decisions are gaining momentum. One is that people are financially illiterate since they lack understanding of simple economic concepts and cannot carry out computations such as computing compound interest, which could...
Persistent link: https://www.econbiz.de/10012461918
Cover Image
Simplification and Saving
Beshears, John - 2006
-cost intervention that substantially simplifies the retirement savings plan participation decision. Individuals received an opportunity … to enroll in a retirement savings plan at a pre-selected contribution rate and asset allocation, allowing them to … increase contribution rates among employees who are already participating in a savings plan …
Persistent link: https://www.econbiz.de/10012466002
Cover Image
Individual Financial Decisions in Retirement Saving Plans and The Provision of Resources for Retirement
Poterba, James M. - 1996
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/10012473072
Cover Image
Climate Polarization and Green Investment
Anderson, Anders; Robinson, David T. - National Bureau of Economic Research - 2024
We build a nationally representative sample of retirement savers in Sweden to study how asymmetric updating of beliefs about climate change affects investment decisions. After the intense heat wave of 2018, respondents in regions dominated by a right-wing, anti-climate party grow less concerned...
Persistent link: https://www.econbiz.de/10014486223
Cover Image
How will 401(k) pension plans affect retirement income?
Samwick, Andrew; Skinner, Jonathan - In: The American economic review 94 (2004) 1, pp. 329-343
Persistent link: https://www.econbiz.de/10002034961
Cover Image
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
Cover Image
Rational and Behavioral Perspectives on the Role of Annuities in Retirement Planning
Brown, Jeffrey R. - 2007
This paper discusses the role of annuities in retirement planning. It begins by explaining the basic theory underlying the individual welfare gains available from annuitizing resources in retirement. It then contrasts these findings with the empirical findings that so few consumers behave in a...
Persistent link: https://www.econbiz.de/10012465109
Cover Image
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 …. Pensions in many post-secondary institutions are funded by a combination of an employer contribution and a mandatory employee … contribution. Employees can also make tax-deferred contributions to a supplemental savings account. A standard lifecycle savings …
Persistent link: https://www.econbiz.de/10012465376
Cover Image
The Importance of Default Options for Retirement Savings Outcomes : Evidence from the United States
Beshears, John - 2006
This paper summarizes the empirical evidence on how defaults impact retirement savings outcomes. After outlining the … defaults impact retirement savings outcomes at all stages of the savings lifecycle, including savings plan participation …, savings rates, asset allocation, and post-retirement savings distributions. The paper then discusses why defaults have such a …
Persistent link: https://www.econbiz.de/10012466662