disproportionately low savings of individuals on low incomes and non-fungibility between public and private pension wealth. The model is … applied to study welfare and savings implications of automatic enrolment into private pensions. The default option effect on … default scheme. Nevertheless, the impact of automatic enrolment on total savings is ambiguous in general, because in addition …

current employees. Furthermore, firms with higher prospective accruals are more likely to freeze their plans. Cost savings …

explaining the recent increase in labor supply of older workers. A structural model of consumption, savings, Social Security, and …

This paper examines how workers allocated their contributions and assets in their employer-sponsored retirement savings …

determine retirement savings and tax payments. Flat income and tax-rate profiles facilitate the analysis of behavioral factors … like present-period tax avoidance, while optimal consumption and after-tax savings are identical for both treatments. Our … results show that observed savings are suboptimal in both treatments and are influenced by gender, patience, and risk aversion …

Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings … workers decide on their own individual savings, that the fully-funded occupational system is decided upon by the age cohort of … pension savings are the only sources of capital supply. When capital supply equals demand from industry there is equilibrium …

How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide … evidence that this is not due to a crowding-out of other forms of savings. We also show that labor earnings, i.e. the most …