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In a nationally-representative sample, we predict retirement savings using survey-based elicitations of exponential … present over the future, are highly significant and economically meaningful predictors of retirement savings. These … calculations suggest that eliminating EGB and PB would increase retirement savings by approximately 12 percent. …
Persistent link: https://www.econbiz.de/10011902764
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
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
Persistent link: https://www.econbiz.de/10011810380
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
Persistent link: https://www.econbiz.de/10013164868
In his Budget speech on 19 March 2014, the UK Chancellor announced the biggest change in pension policy in 100 years: ‘Pensioners will have complete freedom to draw down as much or as little of their pension pot as they want, any time they want. No caps. No drawdown limit. Let me be clear. No...
Persistent link: https://www.econbiz.de/10012832723
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
hypothesis, which is undoubtedly the most widely used theoretical model of household behavior in economics, and then survey the … literature on household saving behavior in Japan (with emphasis on the author's own past research) to shed light on whether or …
Persistent link: https://www.econbiz.de/10012195738
In this paper, we analyze the saving motives of European households using micro-data from the Household Finance and …-quarter of total household wealth in Europe provides further corroboration for this finding. …
Persistent link: https://www.econbiz.de/10015047840