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retirement and claiming decision making. First, I find that, despite the previous availability of information, the Statement has … workers need to gather costly information in order to improve their retirement decision. Second, I use this exogenous … their retirement behavior: i) Workers do not change their expected age of retirement after receiving the Statement; ii …
Persistent link: https://www.econbiz.de/10013134870
Households will have to increase their retirement-related assets to face the consequences of pension reforms and …/or increasing longevity. Thus, improving retirement planning seems then to be necessary. However, the literature reports a general …: encourage households with little private savings to better prepare the retirement. This population does not seem able to save …
Persistent link: https://www.econbiz.de/10012997231
This study examines the expected retirement replacement rates of several cohorts of Dutch employees at the time of …
Persistent link: https://www.econbiz.de/10013142141
We investigate inattention on the part of pension plan participants using a novel dataset covering savings in Sweden's Premium Pension System, data that permit direct comparison of the investment behaviors of pension and retail mutual fund investors. Unlike retail mutual fund investors, pension...
Persistent link: https://www.econbiz.de/10013132013
In this paper we analyze the possibilities of intergenerational risk sharing in a generational DB pension fund. In a generational pension plan each generation has their own pension scheme and is subject to discretionary investment, indexation and contribution policies, thereby losing...
Persistent link: https://www.econbiz.de/10013132533
We propose a generational plan for the occupational pension provision in which people from the same generation are pooled in a generational fund. Each fund can set its own policies independently. This plan provides the benefits of differentiation missing in the prevailing collective plan and the...
Persistent link: https://www.econbiz.de/10013135360
We jointly test moral hazard and tax benefit hypotheses related to the defined benefit pension plan funding and investment risk-taking decisions by incorporating the pension plan termination probabilities. We hypothesize that sponsors with different plan termination probabilities are dominated...
Persistent link: https://www.econbiz.de/10013139603
New accounting rules and increased scarcity of risk capital have led to growing pressure on corporations to shift pension plan risk from employers to participants. This implies a shift from Defined Benefit (DB) plans to a variety of collective and individual Defined Contributions (DC) plans....
Persistent link: https://www.econbiz.de/10013116628
This paper explores the optimal degree of funding of public sector pension plans. It is assumed that a benevolent social planner decides on the contribution of current taxpayers to the funding of public sector pensions next period, weighing the interests of current and future tax payers. Two...
Persistent link: https://www.econbiz.de/10013087145
We argue that we should see a negative relationship between the share of risky assets in the default fund of a defined contribution (DC) pension plan and the average plan member age if trustees design the default fund in line with predictions from the life-cycle portfolio choice theory. Adoption...
Persistent link: https://www.econbiz.de/10013002222