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The most common metric for assessing the adequacy of economic preparation for retirement is the income replacement rate …, the ratio of income after retirement to income before retirement. However both economic theory and common sense say that …, which is the measure we use. We define and estimate measures of economic preparation for retirement based on a complete …
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retirement reduced their non-housing saving rate by 3.5 percentage points, on average. This mean effect is driven by high … interpretation is that the survey acted as a salience shock, possibly with respect to reduced housing costs in retirement. …
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information on three major economic outcomes, namely, retirement planning, choices pertaining individuals' labor supply, and … savings decisions. We also highlight that the lack of knowledge prevalently hits the most vulnerable individuals in the …
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This paper develops and estimates a dynamic model of individuals' and couples' labor supply, savings, and retirement … increasing women's retirement age to be equal to men's …
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-mandatory retirement savings. Therefore we analyze the intra-household allocation of retirement savings between partners in Germany taking …. These results additionally show a "crowding-in" of total retirement savings amounts between spouses, probably due to some … "peer effect". The unitary model of household decision making can thus be rejected with respect to retirement savings. …
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