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potential to increase employer defined contribution plan costs as previously unenrolled workers receive matching contributions …
Persistent link: https://www.econbiz.de/10013028196
Existing evidence on the effectiveness of automatic enrolment is focused on large employers. We compare pension savings of employees working for small employers who were pseudo-randomly affected by automatic enrolment with those working for small employers who, at the same moment in time, were...
Persistent link: https://www.econbiz.de/10011991751
This paper studies the first nationwide introduction of automatic enrolment, in which employers in the United Kingdom are obliged to enrol employees into a workplace pension scheme, which employees can then choose to leave if they wish. We exploit the phased rollout of automatic enrolment since...
Persistent link: https://www.econbiz.de/10011562544
We examine who bears the costs of mandated workplace pension programs, exploiting the quasi-experimental rollout of automatic enrollment in the UK. Total compensation (take-home pay plus employer contributions) increases, driven by employer contributions, while the amount of take-home pay...
Persistent link: https://www.econbiz.de/10014507878
The literature shows that different market entities take into account the level of under-funding in the pension accounts while valuating firms. This paper analyses whether employees with a DB pension scheme perceive risk to their expected income in retirement while forming their opinions about...
Persistent link: https://www.econbiz.de/10014055603
A young man, Christopher Jackson (“Christopher”), strangled to death his grandmother, Rosemarie Little (“Rosemarie”), a beloved Skadden Arps legal secretary and churchgoing woman, who had chosen Christopher to receive part of her death benefits under her employer's 401(k) plan and life...
Persistent link: https://www.econbiz.de/10013071270
In light of the declining pension coverage of low-income workers, policy makers have discussed requiring all employers to offer individual retirement accounts, similar to defined contribution plans. How likely to participate are workers who currently do not have access to a pension plan? We...
Persistent link: https://www.econbiz.de/10009777009
This paper provides new insights into the longstanding empirical issue of whether the type of workplace saving plan (a "traditional" registered pension plan or RPP, a "flexible" group registered retirement savings plan or group RRSP, and a "hybrid" arrangement of the two) affects employee...
Persistent link: https://www.econbiz.de/10011997334
Retirement outcomes would be improved if retirees had access to insurance products that linked guaranteed, inflation-adjusted income to life cycle investment portfolio strategies. Suitable retirement planning for individual, defined contribution plans must concurrently account for trade-offs...
Persistent link: https://www.econbiz.de/10013406188
-period experiment. In equilibrium, firms will offer deferred compensation: first period productivity is positive and wages are zero …, while third period productivity is zero and wages are positive. The experiment produces strong evidence that deferred … there was a strong effort response to future-period wages. We also find some evidence of gift exchange; worker players …
Persistent link: https://www.econbiz.de/10013319184