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international norm, we find that financial skills increase with age. The role played by the Australia's mandatory private retirement …
Persistent link: https://www.econbiz.de/10013088809
A key question in Canada's pensions debate is whether Canadians will be able to maintain their living standards in retirement, and if policy needs to respond to the risk that some will experience painful declines. To date, it has been very difficult to estimate how current trends might affect...
Persistent link: https://www.econbiz.de/10013115283
While increased financial literacy may improve individual retirement savings decisions, modifying the placement of key information in retirement savings statements can produce further improvements. We examined the extent to which placement of information and financial literacy affected the...
Persistent link: https://www.econbiz.de/10013019525
describes the construction and administration of a discrete choice experiment to almost 1200 members of Australia's mandatory …
Persistent link: https://www.econbiz.de/10013128935
We investigate risk presentations in retirement savings decisions using a discrete choice experiment where subjects choose between a bank account, a growth account and a 50:50 account. Using nine standard formats for investment risk, we analyze responses to risk per se and to format changes....
Persistent link: https://www.econbiz.de/10013128927
to how they approach retirement spending as well as what constitutes a satisfactory lifestyle in retirement. One thing is …
Persistent link: https://www.econbiz.de/10013215139
We investigate the importance of alternative motives for choosing a saving and consumption trajectory after retirement. Using an online experimental survey, we elicit the impact on advised spending patterns and underlying saving motives of alternative retirement drawdown designs, comprising...
Persistent link: https://www.econbiz.de/10012918378
Persistent link: https://www.econbiz.de/10015164495
products and financial advice; how they are currently met in Australia; briefly evaluate some alternatives; and identify …
Persistent link: https://www.econbiz.de/10012973401
Past research on the topic of sustainable withdrawal rates has primarily focused on longer distribution periods which apply to younger age retirees.A structural problem with pensions, annuities, and first generation "safe withdrawal rate" is a disconnect of benefits paid (fixed or fixed with...
Persistent link: https://www.econbiz.de/10013107097