Similar Search Results

What Explains Low Old-Age Income? Evidence from the Health and Retirement Study

Mitchell, Olivia S.; Clark, Robert L.; Lusardi, Annamaria - National Bureau of Economic Research - 2021

We examine respondents in the Health and Retirement Study (HRS) to observe how their financial situations unfolded as they aged. We focus on low income older adults and follow them over time to identify the factors associated with having low income at baseline and thereafter. We find that (a)...

Persistent link: https://www.econbiz.de/10012510599

Longevity Perceptions and Saving Decisions during the COVID-19 Outbreak : An Experimental Investigation

Hurwitz, Abigail; Mitchell, Olivia S.; Sade, Orly - National Bureau of Economic Research - 2021

We experimentally study individuals' perceptions about and advice to others regarding retirement savings and annuitization during the pandemic. Many people recommend that others save more for retirement, but those most affected by the pandemic tell others to save and annuitize less. We...

Persistent link: https://www.econbiz.de/10012482579

Do Required Minimum Distribution 401(k) Rules Matter, and For Whom? Insights from a Lifecycle Model

Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - National Bureau of Economic Research - 2021

Tax-qualified vehicles helped U.S. private-sector workers accumulate $25Tr in retirement assets. An often-overlooked important institutional feature shaping decumulations from these retirement plans is the "Required Minimum Distribution" (RMD) regulation, requiring retirees to withdraw a minimum...

Persistent link: https://www.econbiz.de/10012482705

Pensions and the U.S. Labor Market

Gustman, Alan L. - 1990

market.<br> Available evidence indicates that pensions must be viewed as part of a long-term employment relation. For this … and employment Combining information on employee characteristics, turnover and retirement patterns, company inputs and …-side information with employment and wage histories of employees …

Persistent link: https://www.econbiz.de/10012475704

Optimal Social Security Claiming Behavior under Lump Sum Incentives : Theory and Evidence

Maurer, Raimond - 2017

People who delay claiming Social Security receive higher lifelong benefits upon retirement. We survey individuals on their willingness to delay claiming later, if they could receive a lump sum in lieu of a higher annuity payment. Using a moment-matching approach, we calibrate a lifecycle model...

Persistent link: https://www.econbiz.de/10012455607

Employer 401(k) Matches for Student Debt Repayment : Killing Two Birds with One Stone?

Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - National Bureau of Economic Research - 2024

Almost 50 million Americans are burdened by the need to repay almost $2 trillion in student loan debt, while at the same time having to save for retirement. This article analyzes the potential impact of the 2022 SECURE 2.0 Act reform which permits employers to match contributions for student...

Persistent link: https://www.econbiz.de/10014544722

Financial Literacy and Retirement Planning in the United States

Lusardi, Annamaria - 2011

We examine financial literacy in the United States using the new National Financial Capability Study, wherein we demonstrate that financial literacy is particularly low among the young, women, and the less-educated. Moreover, Hispanics and African-Americans score the least well on financial...

Persistent link: https://www.econbiz.de/10012461549

The Importance of Financial Literacy : Opening a New Field

Lusardi, Annamaria; Mitchell, Olivia S. - National Bureau of Economic Research - 2023

We undertake an assessment of our two decades of research on financial literacy, building on our empirical research and theoretical work casting financial knowledge as a form of investment in human capital. We also draw on recent data to determine who is the most - and least - financially savvy...

Persistent link: https://www.econbiz.de/10014250163

Factors Influencing the Choice of Pension Distribution at Retirement

Clark, Robert L.; Mitchell, Olivia S. - National Bureau of Economic Research - 2022

assets when they terminate employment with their plan sponsor. Their choices depend both on own preferences and the options …

Persistent link: https://www.econbiz.de/10013334334

Household Investment in 529 College Savings Plans and Information Processing Frictions

Li, James J.; Mitchell, Olivia S.; Zhu, Christina - National Bureau of Economic Research - 2023

We investigate how information processing frictions contribute to household suboptimal saving and investment behavior. We find that 60% of open accounts in college 529 savings plans are invested suboptimally due to high expenses and tax inefficiency. Such investments yield an expected loss of 9%...

Persistent link: https://www.econbiz.de/10013537742