Showing 1 - 10 of 737
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
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
Choices regarding the disposition of wealth at retirement can have substantial implications for retirement income security. We analyze the factors determining annuity option choices offered by a public sector defined pension plan with no default annuity option. Using combined administrative...
Persistent link: https://www.econbiz.de/10012480781
dynamic life cycle model. In a low return regime, workers build up less wealth in their tax-qualified 401(k) accounts versus …
Persistent link: https://www.econbiz.de/10012480785
We define saving regret as the wish in hindsight to have saved more earlier in life. We measured saving regret and possible determinants in a survey of a probability sample of those aged 60-79. We investigate two main causes of saving regret: procrastination along with other psychological...
Persistent link: https://www.econbiz.de/10012480889
rates and expense ratios, and we estimate this could lead to aggregate savings for these participants over a 20-year period …
Persistent link: https://www.econbiz.de/10012456818
Can governments increase private savings by taxing savings up front instead of in retirement? Roth 401(k) contributions … are not tax-deductible in the contribution year, but withdrawals in retirement are untaxed. The more common before-tax 401 …(k) contribution is tax-deductible in the contribution year, but both principal and investment earnings are taxed upon …
Persistent link: https://www.econbiz.de/10012457928
pension savings totaled €9.4bn in 2010 with an associated cost of €3.5bn. One average one Euro of subsidies is thus associated …
Persistent link: https://www.econbiz.de/10012460645
This paper discusses the role of annuities in retirement planning. It begins by explaining the basic theory underlying the individual welfare gains available from annuitizing resources in retirement. It then contrasts these findings with the empirical findings that so few consumers behave in a...
Persistent link: https://www.econbiz.de/10012465109
contribution. Employees can also make tax-deferred contributions to a supplemental savings account. A standard lifecycle savings …In this paper we document the importance of framing effects in the retirement savings decisions of college professors … model predicts a "dollar-for-dollar" tradeoff between supplemental savings and the combined regular pension contributions …
Persistent link: https://www.econbiz.de/10012465376