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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
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Financial literacy and suboptimal financial decisions at older ages
Fong, Joelle H.; Koh, Benedict SK.; Mitchell, Olivia S.; … - 2019
the Singapore Life Panel survey to measure financial literacy to study its relationship with three aspects of household …
Persistent link: https://www.econbiz.de/10012113846
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Impact of Population Aging on Household Savings and Portfolio Choice in Japan
Iwaisako, Tokuo - 2017
population aging over the period 2000–14. While there is little doubt that household savings have decreased, the true trend … of risky assets in household portfolios increases with age and barely decreases even for retired households. The main … sources of increasing household wealth are the increasing wealth of the elderly and the increasing proportion of the wealthier …
Persistent link: https://www.econbiz.de/10012964317
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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
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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
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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
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Behavioral Aspects of Household Portfolio Choice : Effects of Loss Aversion on Life Insurance Uptake and Savings
Hwang, In Do - 2017
This paper investigates how loss-aversion affects individuals' decisions on savings and insurance purchase …. Specifically, this paper empirically tests if prospect theory's loss aversion decreases insurance demand and increases savings …-life insurance, which serves as a partial savings instrument. These individuals also hold a higher level of wealth than others …
Persistent link: https://www.econbiz.de/10012962197
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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
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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
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Dealing With the Reluctant Investor : Innovation and Governance in DC Pension Investment
Byrne, Alistair - 2020
Dealing with the reluctant investor examines the governance of defined contribution (DC) schemes with reference to investment choice and, in particular, the design of the default fund. We explain where and why the current system fails to support DC scheme members and what steps can be taken to...
Persistent link: https://www.econbiz.de/10012833013