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The impact of Covid-19 on pensions due to early withdrawals of pension savings

Castro, Rubén; González, Leonardo; Schiappacasse, Ignacio - 2022

The Chilean pension system was hit hard during 2020-2021 by the withdrawal of 25 per cent of the individual pensions … pensions, including its heterogeneity matrix to simulate the distribution of pension impacts. The withdrawal impact decreases … percent and 37 percent for males and females' new self-financed pensions around the year 2022, which goes to about 56 percent …

Persistent link: https://www.econbiz.de/10014494309

How will 401(k) pension plans affect retirement income?

Samwick, Andrew; Skinner, Jonathan - In: The American economic review 94 (2004) 1, pp. 329-343

Persistent link: https://www.econbiz.de/10002034961

Determinants of early-access to retirement savings : lessons from the COVID-19 pandemic

Bateman, Hazel; Dobrescu, Loretti Isabella; Liu, Junhao; … - 2021

Persistent link: https://www.econbiz.de/10012628834

A discussion of a risk-sharing pension plan

Donnelly, Catherine - In: Risks : open access journal 5 (2017) 1, pp. 1-20

I show that risk-sharing pension plans can reduce some of the shortcomings of defined benefit and defined contributions plans. The risk-sharing pension plan presented aims to improve the stability of benefits paid to generations of members, while allowing them to enjoy the expected advantages of...

Persistent link: https://www.econbiz.de/10011636555

A guaranteed-return structured product as an investment risk-hedging instrument in pension savings plans

Afik, Zvika; Hadad, Elroi; Yosef, Rami - In: Risks : open access journal 11 (2023) 6, pp. 1-16

scenarios. The results show that the SP guarantees a minimal return on the pension savings portfolio and offers a higher …

Persistent link: https://www.econbiz.de/10014334531

Optimal default policies in defined contribution pension plans when employees are biased

Ivanov, Asen - 2018

This paper analyses a model in which employees are biased in their perception of their optimal contribution rates or asset allocations in defined contribution pension plans. The optimal default is characterised as a function of the parameters. It is shown that, for some values of the parameters,...

Persistent link: https://www.econbiz.de/10011845817

Optimal pension plan default policies when employees are biased

Ivanov, Asen - 2019

What is the optimal default contribution rate or default asset allocation in pension plans? Could active decision (i.e., not setting a default and forcing employees to make a decision) be optimal? These questions are studied in a model in which each employee is biased regarding her optimal...

Persistent link: https://www.econbiz.de/10012121963

Minimum protection in DC funding pension plans and Margrabe options

Devolder, Pierre; Valeriola, Sébastien de - In: Risks : open access journal 5 (2017) 1, pp. 1-14

The regulation on the Belgian occupational pension schemes has been recently changed. The new law allows for employers to choose between two different types of guarantees to offer to their affiliates. In this paper, we address the question arising naturally: which of the two guarantees is the...

Persistent link: https://www.econbiz.de/10011636195

Mental accounting in portfolio choice: evidence from a flaypaper effect

Choi, James J.; Laibson, David I.; Madrian, Brigitte C. - In: The American economic review 99 (2009) 5, pp. 2085-2095

Persistent link: https://www.econbiz.de/10003936378

Impatience and uncertainty : experimantal decisions predict adolescents' field behavior

Sutter, Matthias; Kocher, Martin; Glätzle-Rützler, Daniela - In: The American economic review 103 (2013) 1, pp. 510-531

Persistent link: https://www.econbiz.de/10009716351