income options to American workers, but demand for annuities has remained low in the United States. To develop future annuity … income solutions, it is important to understand the public's preferences for such products. This paper uses a unique … experiment in the Health and Retirement Study (HRS) to assess the effect of savings on the preference for immediate annuities …

to evaluate the adequacy of retirement savings. We find first that the specification of the model's asset structure … achieve high replacement rates out of lifetime average income-a more sensible summary measure of preparedness for retirement. …

savings. The third wave of the Survey of Health, Ageing and Retirement in Europe, SHARELIFE, collects information on the … median regression techniques, and significantly different from zero and 100%. In the presence of biases from measurement …

savings. The third wave of the Survey of Health, Ageing and Retirement in Europe, SHARELIFE, collects information on the … entire job history of the respondent, a feature missing in most previous studies. We show that addressing measurement error … measurement errors and omitted (unobserved) variables, we estimate a lower bound to the true offset between 17% and 30 …

We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across … heterogeneity in the mean savings offset depending on age, risk attitudes and country. Third, the offset follows different patterns …

Traditionally, households have been seen as acting as a single unit when it comes to savings. Although this might be … correct for some parts of household savings, we question the correctness of the unitary model with respect to non …-mandatory retirement savings. Therefore we analyze the intra-household allocation of retirement savings between partners in Germany taking …

retirement income, the impact on the saving rate needed to smooth consumption would be modest. …