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On October 24, 2008, the Oesterreichische Nationalbank (OeNB) held an international workshop entitled “Saving in Austria – Too Little and Too Late?”. The purpose of the event was to devote more attention to an important economic topic which even experts still do not understand sufficiently...
Persistent link: https://www.econbiz.de/10005273227
This letter revisits the question of how wealth shocks influence retirement behaviour, exploiting the dramatic changes … in UK asset prices between 2008 and 2009 as a source of such shocks. We find no evidence that the wealth shocks arising … from this recent financial crisis affected the retirement plans of older workers in England. …
Persistent link: https://www.econbiz.de/10010709106
Many middle-income workers save for retirement through 401(k) plans. This study addresses the concern that low account … balances of older workers may indicate that these vehicles are not sufficient to insure adequate retirement savings. In … pension system and adequacy of retirement income. Projects of future retirement income readiness that assume that workers …
Persistent link: https://www.econbiz.de/10009643261
Is the current mix of tax preferences for employer-sponsored pensions and individual retirement saving in the U ….S. delivering the best possible retirement-preparedness across and within generations? Using data from the triennial Survey of … Consumer Finances for 1989 through 2013, cohort-based analysis of life-cycle trajectories shows that (1) overall retirement …
Persistent link: https://www.econbiz.de/10011255342
retirement for French private sector workers. Using the last French survey on households' wealth (2003-2004), we first study the …
Persistent link: https://www.econbiz.de/10009319608
retirement for French private sector workers. Using the last French survey on households' wealth (2003-2004), we first study the …
Persistent link: https://www.econbiz.de/10011166291
Government policymakers should not overlook enhancing RRSPs as a way to boost retirement savings by Canadians …, according to a report from the C.D. Howe Institute. In “The Overlooked Option for Boosting Retirement Savings: Higher Limits for … RRSPs,” author Alexandre Laurin finds that those who most need private saving to meet their retirement income goals use …
Persistent link: https://www.econbiz.de/10010892232
This paper investigates the effect of private pensions on the retirement wealth distribution. The model incorporates … are compared to the distribution of retirement net worth and private pension wealth in the PSID. While private pensions … lead to higher wealth inequality and reduces the lifetime earnings - retirement wealth correlation, the model still …
Persistent link: https://www.econbiz.de/10008678224
Savings and investments by individuals are important both for personal financial well-being and for economic growth. Many governments try to encourage their citizens to save more, or to save more appropriately, by preferring formal institutions to informal saving and by promoting more...
Persistent link: https://www.econbiz.de/10011276655
for credit-constraints. We assess linkages between MEW and financial literacy/education using the Health and Retirement …
Persistent link: https://www.econbiz.de/10010753555