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effects of mandated Traditional (tax-deferred) or Roth (taxprepaid) retirement policies in a controlled laboratory setting … receive exogenous incomes during "working" periods, followed by no-income "retirement" periods. In each period, subjects … determine retirement savings and tax payments. Flat income and tax-rate profiles facilitate the analysis of behavioral factors …
Persistent link: https://www.econbiz.de/10014442854
administrative wealth reports with variation in the timing of sudden, unexpected parental deaths. We show that after inheritance net …
Persistent link: https://www.econbiz.de/10013208751
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/10012144202
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/10012144238
retirement decisions in developed countries. However, women's and couples' labour supply decisions and the patterns of withdrawal … decisions. Our results suggested that couples synchronize retirement and that they respond similarly to their own … examine how social security financial incentives and personal characteristics affects one's own and spouses' retirement …
Persistent link: https://www.econbiz.de/10010293260
Retirement wealth is often viewed as a great equalizer, offsetting the inequality in standard household net worth. One … Board's Survey of Consumer Finances, I find that retirement wealth (the sum of pension and Social Security wealth) had a … modestly between 1983 and 2001, the inequality of augmented wealth (the sum of retirement wealth and net worth) surged from …
Persistent link: https://www.econbiz.de/10010266432
percent replacement rates, respectively. Moreover, retirement wealth is very unevenly distributed. Whites and married couples … resources (both private and public) to maintain a decent standard of living in retirement. Typically, the adequacy of projected … retirement income is judged in relation to some absolute standard (for example, the poverty threshold) and preretirement income …
Persistent link: https://www.econbiz.de/10010266633
We explore the effects of mandatory third-party review of mortgage contracts on the terms, availability, and performance of mortgage credit. Our study is based on a legislative experiment in which the State of Illinois required 'high-risk' mortgage applicants acquiring or refinancing properties...
Persistent link: https://www.econbiz.de/10010292159
Financial inclusion or access to financial services, is a major development goal for all nations across the globe. Financial inclusion does not concern only "access, but also the "use"" of financial services. This paper examines the loan taking behavior of individuals based on survey of 844...
Persistent link: https://www.econbiz.de/10012099541
The paper employs a survey among Austrian households to study ownership and purchase intentions of crypto-assets. About 1.5% of Austrians own crypto-assets and about 5% can be viewed as potential adopters. Owners, on average, have higher financial knowledge and are more risk-tolerant than...
Persistent link: https://www.econbiz.de/10013370143