What is the optimal default contribution rate or default asset allocation in pension plans? Could active decision (i …

asset allocations in defined contribution pension plans. The optimal default is characterised as a function of the …

. These findings underscore the importance of tailoring nudge strategies to the unique characteristics and preferences of the …

This paper examines the implicit subsidies within pension systems across Latin America and the Caribbean (LAC) region …. We first calculate the theoretical benefits of pension for hypothetical workers in 25 countries in LAC. We show that, on … average, LAC's pension systems are subsidized, as they provide pensions above what workers would have obtained by investing …