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This study explored the psychological mechanisms that underlie the retirement planning and saving tendencies of Dutch and American workers. Participants were 988 Dutch and 429 Americans, 25-64 years of age. Analyses were designed to: (a) examine the extent to which structural variables were...
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applied to study welfare and savings implications of automatic enrolment into private pensions. The default option effect on … disproportionately low savings of individuals on low incomes and non-fungibility between public and private pension wealth. The model is … default scheme. Nevertheless, the impact of automatic enrolment on total savings is ambiguous in general, because in addition …
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Savings Shortfalls (RSS). The aggregate RSS for these age cohorts expressed in 2010 dollars is $4.55 trillion, for an overall …
Persistent link: https://www.econbiz.de/10013136752
This paper introduces a new method of analyzing the results from the EBRI Retirement Security Projection Model (RSPM®). Instead of simply computing an overall percentage of the simulated life-paths in a particular cohort that will not have sufficient retirement income to pay for the simulated...
Persistent link: https://www.econbiz.de/10013125942
Deteriorating financial market conditions in 2008 intensified the debate over the ability of 401(k) plans to provide retirement income. This paper simulates the effects of the market crash of 2008 for 401(k) plan participants of various ages, earnings levels, and portfolios. Because Social...
Persistent link: https://www.econbiz.de/10013150241
. Automatic enrolment into private pensions raises participation (the `default option effect'), but its impact on aggregate saving … accumulation. A numerical application of the model indicates that while automatic enrolment into private pensions can increase …
Persistent link: https://www.econbiz.de/10012834509
We evaluate retirement savings adequacy using a large panel of U.S. workers with a 401(k) account. We model medical …
Persistent link: https://www.econbiz.de/10012850740