leaving large estates. The three leading explanations for the ‘retirement savings puzzle' are the desire to insure against …

While the savings of retired singles tend to fall with age, those of retired couples tend to rise. We estimate a rich … that while medical expenses are an important driver of the savings of middle-income singles, bequest motives matter for … of medical expenses and bequest motives is a crucial determinant of savings for all retirees. Hence, to understand …

Transaction costs impose a barrier to savings, but lowering them may have smaller impacts than expected due to other … constraints, such as psychological biases. Within the context of retirement savings under defined contributions in the privatized … that access alone has small and weak effects on savings, but including the persuasive message leads to a 10-12% increase in …

among the third of the affiliates with the lowest savings. However, we found that the recent increase in non …