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We study a retirement savings plan with a default contribution rate of 12% of income, which is much higher than …
Persistent link: https://www.econbiz.de/10014337834
Does automatic enrollment into retirement saving increase household debt? We study the randomized roll-out of automatic … enrollment, each additional month increases the average automatically enrolled employee's pension savings by £32-£38, unsecured …
Persistent link: https://www.econbiz.de/10014486192
We conduct a randomized controlled trial to understand how a web-based retirement saving calculator affects workers …' retirement-savings decisions. In both conditions, the calculator projects workers' retirement income goal. In the treatment … condition, it also projects retirement income based on defined-contribution savings, prominently displays the gap between …
Persistent link: https://www.econbiz.de/10013477215
prefer holding stocks, with an equity share of retirement wealth declining with age--patterns markedly different from … retirement accounts are due to participation frictions rather than non-standard preferences such as loss aversion …
Persistent link: https://www.econbiz.de/10014544754
such as occupational licensing may influence how individuals transition to retirement. When and how workers transition from … career jobs to full retirement may contribute to pre- and post-retirement well-being. Previous investigations of retirement … pathways focused on the patterns and outcomes of retirement transitions, yet the influence of occupational licensing on …
Persistent link: https://www.econbiz.de/10014512146
The Pension Benefit Guarantee Corporation becomes the trustee for private defined benefit plans that have defaulted …. The PBGC pays retirement benefits as provided by the plan and that are consistent with federal guidelines concerning the … information on all individuals who received a retirement benefit from the PBGC in the last 10 years, over 250,000 retirees. We …
Persistent link: https://www.econbiz.de/10014322865
In recent decades, many states have reduced future retirement benefits for newly hired teachers. We estimate that in … 2020 the average initial monthly retirement benefit, for teachers retiring with 30 years of service, is 11.2 percent lower … included in Social Security, have made smaller reductions in the generosity of their pension benefits in recent decades …
Persistent link: https://www.econbiz.de/10013388828
For many Americans the question of when to claim Social Security benefits is one of the most consequential financial decisions they will ever face. While acknowledging that individuals differ in terms of optimal timing for starting Social Security benefits, many economists argue that an average...
Persistent link: https://www.econbiz.de/10014322886
Retirement in Europe (SHARE) to examine the wealth accumulation (saving) behavior of the retired elderly in Europe. To summarize … period). These findings strongly suggest that the Wealth Decumulation (or Retirement Saving) Puzzle (the tendency of the … Europe. Moreover, our regression results suggest that bequest motives, generous public pension systems, and the reluctance of …
Persistent link: https://www.econbiz.de/10013388826
United States Air Force. Pilot compensation and the military pension are described, as are some details of the option value …
Persistent link: https://www.econbiz.de/10012474347