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Fixed and variable longevity annuities in defined contribution plans : optimal retirement portfolios taking social security into account

Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2023

This paper investigates retirees' optimal purchases of fixed and variable longevity income annuities using their defined contribution (DC) plan assets and given their expected Social Security benefits. As an alternative, we also evaluate using plan assets to boost Social Security benefits...

Persistent link: https://www.econbiz.de/10013554899

Where do French people invest their savings?

Candus, Emilie; Pfister, Christian; Sédillot, Franck - In: Banque de France bulletin / Quarterly selection of articles 48 (2017), pp. 5-21

Persistent link: https://www.econbiz.de/10011810380

Putting the pension back in 401(k) retirement plans : optimal versus default longevity income annuities

Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2018

A recent US Treasury regulation allowed deferred longevity income annuities to be included in pension plan menus as a default payout solution, yet little research has investigated whether more people should convert some of the $15 trillion they hold in employer-based defined contribution plans...

Persistent link: https://www.econbiz.de/10011932365

The impacts of a large-scale financial education intervention on retirement saving behaviors and portfolio allocation : evidence from pension fund data

Ghafoori, Eraj; Ip, Edwin; Kabátek, Jan - In: Journal of banking & finance 130 (2021), pp. 1-18

Persistent link: https://www.econbiz.de/10013164868

Mandatory pension savings and long-run debt accumulation : evidence from Danish register data

Andersen, Henrik Yde; Hansen, Niels Lynggård; Kuchler, … - 2020

This paper uses two decades of individual level information from Danish administrative registers to show that a 1-dollar increase in pension wealth leads to a 26-cent rise in total debt. We exploit time-sector variation in mandatory pension contribution rates to isolate the effect of pension...

Persistent link: https://www.econbiz.de/10012229479

Defined Contribution Pension Plans : Sticky or Discerning Money?

Sialm, Clemens - 2015

Participants in defined contribution (DC) retirement plans rarely adjust their portfolio allocations, suggesting that their investment choices and consequent money flows are sticky and not discerning. However, participants' inertia could be offset by DC plan sponsors, who adjust the plan's...

Persistent link: https://www.econbiz.de/10013036788

Pension Funds’ Herding

Broeders, Dirk - 2016

This paper uses unique and detailed transaction data to analyse herding behavior among pension funds. We distinguish between weak, semi strong and strong herding behaviour. Weak herding occurs if pension funds have similar rebalancing strategies. Semi strong herding arises when pension funds...

Persistent link: https://www.econbiz.de/10012997670

Individual Investor Portfolio Performance in Retirement Savings Accounts

Gan, Su (Sally) - 2013

We analyse the investment performance of a large sample of individuals investing in discretionary retirement savings … reflecting the consequence of their trading behaviours and effectiveness in accumulating retirement savings. It is of particular … interest to policy makers given the tax concessions that retirement savings attract in the expectation that successfully …

Persistent link: https://www.econbiz.de/10013082791

Age-Dependent Investing : Optimal Funding and Investment Strategies in Defined Contribution Pension Plans When Members are Rational Life Cycle Financial Planners

Blake, David P. - 2016

A defined contribution pension plan allows consumption to be redistributed from the plan member's working life to retirement in a manner that is consistent with the member's personal preferences. The plan's optimal funding and investment strategies therefore depend on the desired profile of...

Persistent link: https://www.econbiz.de/10012997297

Household portfolios and financial preparedness for retirement

Crawford, Rowena; O'Dea, Cormac - In: Quantitative economics : QE ; journal of the … 11 (2020) 2, pp. 637-670

to evaluate the adequacy of retirement savings. We find first that the specification of the model's asset structure …

Persistent link: https://www.econbiz.de/10012213993

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