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Wealth Accumulation and the Propensity to Plan
Ameriks, John - 2002
Why do similar households end up with very different levels of wealth? We show that differences in the attitudes and skills with which they approach financial planning are a significant factor. We use new and unique survey data to assess these differences and to measure each household's...
Persistent link: https://www.econbiz.de/10012469794
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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
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Efficiency in Household Decision Making : Evidence from the Retirement Savings of U.S. Couples
Choukhmane, Taha; Goodman, Lucas; O'Dea, Cormac - National Bureau of Economic Research - 2023
Pareto Efficiency is a core assumption of most models of household decision-making. We test this assumption using a new dataset covering the retirement saving contributions of over a million U.S. individuals. While a vast literature has failed to reject household efficiency in developed...
Persistent link: https://www.econbiz.de/10014250212
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Identifying the Benefits from Home Ownership : A Swedish Experiment
Sodini, Paolo - 2016
This paper studies the economic benefits of home ownership. Exploiting a quasi-experiment surrounding privatization decisions of municipally-owned apartment buildings, we obtain random variation in home ownership for otherwise similar buildings with similar tenants. We link the tenants to their...
Persistent link: https://www.econbiz.de/10012455798
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What are the Headwaters of Formal Savings? Experimental Evidence from Sri Lanka
Callen, Michael - 2014
When households increase their deposits in formal bank savings accounts, what is the source of the money? We combine … collect deposits directly from households each week. In this context, the headwaters of formal savings are to be found in … sacrificed leisure time: households work more, and work more on the wage market when savings options improve. These results …
Persistent link: https://www.econbiz.de/10012457930
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Demographic Patterns and Household Saving in China
Curtis, Chadwick C. - 2011
This paper studies the effect that changing demographic patterns have had on the household saving rate in China. We undertake a quantitative investigation using an overlapping generations (OLG) model where agents live for 85 years. Consumers begin to exercise decision making when they are 18....
Persistent link: https://www.econbiz.de/10012461829
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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
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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
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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
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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