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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 …
Persistent link: https://www.econbiz.de/10012296088
This study explored the psychological mechanisms that underlie the retirement planning and saving tendencies of Dutch … analysis models to identify the mechanisms that underlie perceived financial preparedness for retirement. Findings revealed … psychological and retirement planning constructs, but also in the robustness of the path models. These findings suggest that policy …
Persistent link: https://www.econbiz.de/10011349213
Many nations incentivize retirement saving by letting workers defer taxes on pension contributions, imposing them when … taxing pension contributions instead of withdrawals leads to delayed retirement, somewhat lower lifetime tax payments, and …
Persistent link: https://www.econbiz.de/10013464027
future employment. Exploiting across cohort variation in expected pension wealth induced by a 3-year lift in early retirement … age for women born after 1951 in Germany, we show evidence of a reduction in private savings rate and an increase in …
Persistent link: https://www.econbiz.de/10012133536
Extending working lives is often proposed as one route through which the costs associated with population ageing can be managed. In that context, understanding who currently works for longer can help policymakers to design policies to facilitate longer working. In particular, it is important to...
Persistent link: https://www.econbiz.de/10011881446
Persistent link: https://www.econbiz.de/10013027547
This paper investigates the effects of increasing the eligibility age for public pension on workers' retirement …
Persistent link: https://www.econbiz.de/10012848177
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … on private retirement savings. Our results show that the letters increase private retirement savings. The effects are … increase in savings partly crowds out charitable donations. Moreover, we present evidence suggesting that both information and …
Persistent link: https://www.econbiz.de/10011535690
explanatory channel. The increased savings in personal retirement plans is entirely driven by those who made consistent …How does the provision of public pension benefits impact private savings? We answer this question in the context of a …, inconsistent with the notion that future differences in pension eligibility impact savings. Second, we show large savings responses …
Persistent link: https://www.econbiz.de/10013238297