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The Consequences of Population Aging on Private Pension Fund Saving and Asset Markets

Schieber, Sylvester J. - 1994

This paper examines the impact of the aging demographic structure of the U.S. on its funded private pension system. A 75-year outlook is produced for the pension system corresponding to the 75-year forecast of the Social Security system. The primary result is that the pension system will cease...

Persistent link: https://www.econbiz.de/10012474267

Individual Financial Decisions in Retirement Saving Plans and The Provision of Resources for Retirement

Poterba, James M. - 1996

a risk of outliving their assets in a privatized system. This paper draws on the existing experience with 401(k) plans …

Persistent link: https://www.econbiz.de/10012473072

Smaller than We Thought? The Effect of Automatic Savings Policies

Choi, James J.; Laibson, David I.; Cammarota, Jordan; … - National Bureau of Economic Research - 2024

Medium- and long-run dynamics undermine the effect of automatic enrollment and default savings-rate auto-escalation on … retirement savings. Our analysis of nine 401(k) plans incorporates the facts that employees frequently leave firms (often before …

Persistent link: https://www.econbiz.de/10015056154

Life-cycle Investing and Leverage : Buying Stock on Margin Can Reduce Retirement Risk

Ayres, Ian - 2008

This paper is no longer available on-line from the NBER. A revised version of the paper has been published as "Diversification Across Time" in the Journal of Portfolio Management 39 (Winter 2013), pp.73-86

Persistent link: https://www.econbiz.de/10012464551

Utility Evaluation of Risk in Retirement Saving Accounts

Poterba, James - 2003

extremely high risk aversion would achieve a higher expected utility by holding a portfolio of stocks rather than bonds …

Persistent link: https://www.econbiz.de/10012468805

Lifecycle Portfolio Choice with Systematic Longevity Risk and Variable Investment-Linked Deferred Annuities

Kartashov, Vasily - 2011

manage systematic mortality risks, namely self-insurance and risk transfer to purchasers of the annuity products. We … demonstrate that self-insurance leads to high loadings, so that households offered a choice would favor the risk transfer scheme …

Persistent link: https://www.econbiz.de/10012461152

Heterogeneity in Target-Date Funds : Optimal Risk-Taking or Risk Matching?

Balduzzi, Pierluigi - 2012

options in defined contribution retirement plans. We document large differences in realized TDF returns and risk profiles … reflects optimal risk-taking by fund families with low market share, especially those entering the market after 2006. Using … plan-level data, we find little evidence that 401(k) plan sponsors match the risk profile of the TDFs in their plans to the …

Persistent link: https://www.econbiz.de/10012460773

Annuity Pricing in Public Pension Plans : Importance of Interest Rates

Abashidze, Nino - 2018

There is little systematic information on the distribution options in public sector retirement plans and how annuity options are priced relative to the standard single life annuity. This study examines the distribution options of 85 large public retirement plans covering general state employees,...

Persistent link: https://www.econbiz.de/10012480994

Who Chooses Defined Contribution Plans?

Brown, Jeffrey R. - 2007

This paper provides new evidence on what types of individuals are most likely to choose a defined contribution (DC) plan over a defined benefit (DB) plan. Making use of administrative data from the State Universities Retirement System (SURS) of Illinois, we study the decisions of nearly 50,000...

Persistent link: https://www.econbiz.de/10012465814

The Transition to Personal Accounts and Increasing Retirement Wealth : Macro and Micro Evidence

Poterba, James M. - 2001

Retirement saving has changed dramatically over the last two decades. There has been a shift from employer-managed defined benefit pensions to defined contribution retirement saving plans that are largely controlled by employees. In 1980, 92 percent of private retirement saving contributions...

Persistent link: https://www.econbiz.de/10012470106