We study a retirement savings plan with a default contribution rate of 12% of income, which is much higher than …

shifted towards defined contribution (DC) plans as their primary savings plan, and fiscal pressures are likely to generate … retirement in other accounts. There is also substantial heterogeneity across jurisdictions in the savings generated in primary DC … employer match. We conclude by applying lessons from savings behavior in private sector savings plans to the design of public …

-cost intervention that substantially simplifies the retirement savings plan participation decision. Individuals received an opportunity … to enroll in a retirement savings plan at a pre-selected contribution rate and asset allocation, allowing them to … increase contribution rates among employees who are already participating in a savings plan …

This chapter provides an overview of household finance. The first part summarizes key facts regarding household … patterns. This part covers five topics: consumption and savings, borrowing, payments, asset allocation, and insurance. The … second part addresses interventions that firms, governments, and other parties deploy to shape household financial outcomes …