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Do Tax Deferred Accounts Improve Lifecycle Savings? Experimental Evidence

Duffy, John; Li, Yue - 2021

many developed countries. Nevertheless, it is unclear whether TDAs actually improve a household's lifecycle savings … means of savings so there is no guarantee that a TDA, with its inflexible restriction that funds cannot be drawn until … retirement, will be attractive or improve lifecycle savings. In this paper we resort to laboratory experiments to address the …

Persistent link: https://www.econbiz.de/10013211475

Does a Decrease in Pension Taxes Increase Retirement Savings? An Experimental Analysis

Blaufus, Kay; Milde, Michael; Spaeth, Alexandra - 2023

on pensions results in higher savings. Our findings show that reducing the income tax rate on pensions has almost no … significant effect on savings behavior. However, if we vary the current tax rate at which savings are deducted, subjects adjust … their savings. Our results are in line with the interpretation that subjects neglect the level of income taxes on pensions …

Persistent link: https://www.econbiz.de/10014259728

Are Family Transfers Crowded Out by Public Transfers?

Güth, Werner; Offerman, Theo; Potters, Johannes (Jan) J. M. - 2003

We give an account of an overlapping-generations experiment with multiple families in which voluntary transfers can take the form of support to the elderly or grants to children. Support to the old is a purely intergenerational (intra-family) transfer, whereas grants to children also involve an...

Persistent link: https://www.econbiz.de/10014091446

Lifecycle Consumption under Different Income Profiles : Experimental Evidence

Duffy, John - 2018

We report on a series of economic decision-making experiments exploring how individuals make lifecycle consumption and saving plans when they face different income profiles. We find that for every income profile we consider, subjects on average over-consume in the early periods of life and...

Persistent link: https://www.econbiz.de/10012935378

Framing and the Annuitization Decision : Experimental Evidence from a Dutch Pension Fund

Bockweg, Christian - 2016

We report the effects of framing and default settings in annuity demand after conducting a survey-based experiment with over 3,000 members of a Dutch occupational pension plan. The participants were asked to allocate their real projected pension accrual between a life annuity and a partial lump...

Persistent link: https://www.econbiz.de/10012997517

The Impact of Risk and Ambiguity Aversion on Annuity and Saving Choices

André, Eric; Bommier, Antoine; Le Grand, Francois - 2021

We analyze the impact of risk and ambiguity aversion using a lifecycle recursive utility model. Both risk and ambiguity aversion are shown to reduce annuity demand and enhance bond holdings. We obtain this result using an intertemporal framework in which we can vary both risk and ambiguity...

Persistent link: https://www.econbiz.de/10013241836