After a slow start and several design changes, Riester pension plans took off very quickly. While saving incentives … pension savings totaled €9.4bn in 2010 with an associated cost of €3.5bn. One average one Euro of subsidies is thus associated …Riester pensions are voluntary, but heavily subsidized private pension schemes in Germany. They were designed as a …

crisis. The paper investigates the possibility of introducing obligatory private savings at a variable rate where the time … path of the savings rate is chosen so as to stabilize the sum of this rate and the pay-as-you-go contribution rate, given …

This article examines how the availability of annuities affects savings and inequality in economies in which neither … CBS utility function indicate that perfecting annuity insurance can significantly reduce national savings. Indeed, the … savings …

In this paper we document the importance of framing effects in the retirement savings decisions of college professors … contribution. Employees can also make tax-deferred contributions to a supplemental savings account. A standard lifecycle savings … model predicts a "dollar-for-dollar" tradeoff between supplemental savings and the combined regular pension contributions …

optimally devote more of their savings to non-retirement accounts and less to 401(k) accounts, since the relative appeal of …