Target date funds in corporate retirement plans grew from $5B in 2000 to $734B in 2018, partly because federal … regulation sanctioned these as default investments in automatic enrollment plans. We show that adopters delegated pension … investment decisions to fund managers selected by plan sponsors. Including these funds in retirement saving menus raised equity …

retirement plan costs and investment choices provided, make it important to understand how people select their retirement plan … pension fund menu and deleted nearly half of the offered funds. Using administrative data, we examine the changes in plan … retirement wellbeing. We show that streamlined participants' new allocations exhibited significantly lower within-fund turnover …

to rely on social pension plan and retirement pay after retirement. Rural residents and migrants are more vulnerable … financial literacy on Chinese households' retirement planning and the demand for commercial insurances, especially among the … could help Chinese households be more prepared for retirement. The households with higher objective financial literacy score …

Over the life-cycle, wealth holdings tend to be highest in the early part of retirement. The quality of financial …

We empirically investigate the distributional consequences of the Riester scheme, the main private pension …

are obliged to enrol employees into a workplace pension scheme, which employees can then choose to leave if they wish. We … exploit the phased rollout of automatic enrolment since 2012 to estimate its effect on pension saving. As a result of … 37 percentage points, and workplace pension membership reached 88% amongst those affected by April 2015. Automatic …

pension system and adequacy of retirement income. Projections of future retirement income readiness that assume that workers …Many middle-income workers save for retirement through 401(k) plans. This study addresses the concern that low account … balances of older workers may indicate that these vehicles are not sufficient to insure adequate retirement savings. In …

pension system and adequacy of retirement income. Projects of future retirement income readiness that assume that workers …Many middle-income workers save for retirement through 401(k) plans. This study addresses the concern that low account … balances of older workers may indicate that these vehicles are not sufficient to insure adequate retirement savings. In …

Planning for retirement and subsequent execution of the plan are difficult, but essential for financial security in old … plan into the dual-self model of impulse control. The resulting model can generate rational inaction in pension choices … accumulate lower pension wealth. The possibility of rational inaction can explain other robustly observed behaviours, such as …

Planning for retirement is difficult, but essential for future financial security. To formally analyse the interplay … control. The resulting possibility of rational inaction in pension choices allows to generate a range of robustly observed … optimal life-cycle pattern of retirement saving. Importantly, the effects are highly heterogeneous across the income …