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This paper develops and estimates a dynamic model of individuals' and couples' labor supply, savings, and retirement …
Persistent link: https://www.econbiz.de/10012297945
increase in saving - at least in 2009 - did not materialize through an increase in contributions to retirement and savings …
Persistent link: https://www.econbiz.de/10008935752
supplementary receipt of the private device significantly increased the wife's savings in couples with a low level of spousal trust … more effective hiding of the wife's savings amounts, facilitated through the private saving device. From a policy …
Persistent link: https://www.econbiz.de/10012498329
Whether higher lifetime income households do save a larger share of their income is one of the longstanding empirical questions in economics that has been surprisingly difficult to answer. We use both consumption data and a new dataset containing both individual survey data on wealth holdings...
Persistent link: https://www.econbiz.de/10010222359
increase retirement savings. However, gauging the relative efficacy of these approaches is challenging because the supporting … rates, active choice, and automatic enrollment) designed to increase retirement savings. Consistent with previous literature …, we find sizable effects of savings interventions on participation and cumulative contributions that increase with the …
Persistent link: https://www.econbiz.de/10013462745
determine retirement savings and tax payments. Flat income and tax-rate profiles facilitate the analysis of behavioral factors … like present-period tax avoidance, while optimal consumption and after-tax savings are identical for both treatments. Our … results show that observed savings are suboptimal in both treatments and are influenced by gender, patience, and risk aversion …
Persistent link: https://www.econbiz.de/10014438824
Financial literacy and economic preferences are considered to be important drivers of health, income, and general well-being. In this paper we bridge the gap between studies on financial literacy and research on economic preferences by how they interplay with each other and the field behavior of...
Persistent link: https://www.econbiz.de/10012203420
Many economists and policy-makers argue that households do not save enough to maintain an adequate standard of living during retirement. However, there is no consensus on the answer to the underlying question about what this standard should be, despite the fact that it is crucial for the design...
Persistent link: https://www.econbiz.de/10003923525
Persistent link: https://www.econbiz.de/10012818586
that these broadly held resources substitute for savings, measures of wealth inequality that do not account for DB pensions …Defined benefit (DB) pensions and Social Security are two important resources for financing retirement in the United …
Persistent link: https://www.econbiz.de/10012584693