Financial literacy affects wealth accumulation, and pension planning plays a key role in this relationship. In a large …

Planning for retirement and subsequent execution of the plan are difficult, but essential for financial security in old … accumulate lower pension wealth. The possibility of rational inaction can explain other robustly observed behaviours, such as … disproportionately low savings of individuals on low incomes and non-fungibility between public and private pension wealth. The model is …

We conduct a randomized controlled trial to understand how a web-based retirement saving calculator affects workers …' retirement-savings decisions. In both conditions, the calculator projects workers' retirement income goals. In the treatment … condition, it also projects retirement income based on definedcontribution savings, prominently displays the gap between …

We conduct a randomized controlled trial to understand how a web-based retirement saving calculator affects workers …' retirement-savings decisions. In both conditions, the calculator projects workers' retirement income goal. In the treatment … condition, it also projects retirement income based on defined-contribution savings, prominently displays the gap between …

retirement plan costs and investment choices provided, make it important to understand how people select their retirement plan … retirement wellbeing. We show that streamlined participants' new allocations exhibited significantly lower within-fund turnover …

on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount … to evaluate the adequacy of retirement savings. We find first that the specification of the model's asset structure … have access only to a risk‐free asset compared to when we account for the fact that much of their wealth is stored in …

how these interact is of key importance in order to generate efficient retirement portfolios. Additionally, there is … their assets inside and outside tax-qualified retirement plans, their mortality assumptions, and their accrued Social …