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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

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

Defined Contribution Pensions : Plan Rules, Participant Decisions, and the Path of Least Resistance

Choi, James J. - 2001

We assess the impact on savings behavior of several different 401(k) plan features, including automatic enrollment … education. We also present new survey evidence on individual savings adequacy. Many of our conclusions are based on an analysis … of micro-level administrative data on the 401(k) savings behavior of employees in several large corporations that …

Persistent link: https://www.econbiz.de/10012470060

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

Lump-Sum Distributions from Retirement Saving Plans : Receipt and Utilization

Poterba, James M. - 1995

One of the central issues in evaluating the ongoing shift from defined benefit (DB) to defined contribution (DC) pension plans is the degree to which assets in DC plans will be withdrawn before plan participants reach retirement age. The annual flow of withdrawals from such plans, which are...

Persistent link: https://www.econbiz.de/10012473572

Contributions to Defined Contribution Pension Plans

Choi, James J. - 2015

Defined contribution (DC) pensions are an increasingly important means of financing retirement consumption. Because individuals often have substantial discretion over how much is contributed to their DC pension, studying DC contribution choices provides general insights into the determinants of...

Persistent link: https://www.econbiz.de/10012457201

Why Do Employers Establish Retirement Savings Plans? Evidence from State "Auto-IRA" Policies

Bloomfield, Adam; Goodman, Lucas; Rao, Manita; Slavov, … - National Bureau of Economic Research - 2024

Several states have recently attempted to boost retirement saving by adopting "auto-IRA" policies that require employers not currently offering an employer-sponsored retirement plan (ESRP) to either (1) establish an ESRP or (2) enroll employees in state-facilitated Individual Retirement Accounts...

Persistent link: https://www.econbiz.de/10015056142

Are Retirement Planning Tools Substitutes or Complements to Financial Capability?

Goda, Gopi Shah; Levy, Matthew; Flaherty Manchester, … - National Bureau of Economic Research - 2022

' 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

The Incentive Effects of Private Pension Plans

Kotlikoff, Laurence J. - 1984

The proportion of workers covered by pensions has increased very substantially over the past two or three decades, and in particular the number of older workers with pensions continues to increase. During the same period,and especially in the past decade, the labor force participation of older...

Persistent link: https://www.econbiz.de/10012477576

Pension Plan Integration as Insurance Against Social Security Risk

Merton, Robert C. - 1984

The manifest purposes of integrating an employer-provided pension plan with social security are:(1) to ensure retirement income adequacy for all covered employees; and (2) to ensure retirement income equity, defined as equal total replacement rates for all employees regardless of salary level....

Persistent link: https://www.econbiz.de/10012477720

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