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We investigate the importance of alternative motives for choosing a saving and consumption trajectory after retirement … alternative retirement drawdown designs, comprising different combinations of annuity income and wealth, and of major life events … life events. They are less responsive to variation in "experimental" retirement drawdown arrangements, remaining aligned to …
Persistent link: https://www.econbiz.de/10012918378
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We investigate risk presentations in retirement savings decisions using a discrete choice experiment where subjects …
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contribution retirement schemes, where the future welfare of current workers depends on quantitative decision-making skills that a … allocating retirement savings within a compulsory defined contribution retirement plan. The paper develops the implications and … retirement savings scheme. The experiment finds overall rates of violation of roughly 25%, and substantial variation in rates …
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three investment portfolios for retirement savings across nine risk presentation formats and four underlying risk levels …
Persistent link: https://www.econbiz.de/10013085770
financial literacy and retirement planning. Overall we find aggregate levels of financial literacy similar to comparable … international norm, we find that financial skills increase with age. The role played by the Australia's mandatory private retirement …
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impact on retirement savings. Our empirical investigations show that preferences, demographic characteristics and labor … retirement savings patterns. In our model, individuals decide how much to save in a setting that combines an irreversible … automatic enrolment with an active decision regime. After automatic enrolment, there is an initial choice between two pension …
Persistent link: https://www.econbiz.de/10013006021