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Do required minimum distribution 401(k) rules matter, and for whom? : insights from a lifecylce model
Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2021
Tax-qualified vehicles helped U.S. private-sector workers accumulate $25Tr in retirement assets. An often …-overlooked important institutional feature shaping decumulations from these retirement plans is the "Required Minimum Distribution" (RMD …) regulation, requiring retirees to withdraw a minimum fraction from their retirement accounts or pay excise taxes on withdrawal …
Persistent link: https://www.econbiz.de/10012668367
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Milestone Birthdays and Retirement Investment Behaviour
Gerrans, Paul - 2017
This paper investigates individuals' investment behaviour in their retirement savings surrounding milestone birthday … to make investment changes. We utilise a large Australia retirement savings fund which provides the history of investment …
Persistent link: https://www.econbiz.de/10012949647
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The credit card debt puzzle : the role of preferences, credit risk, and financial literacy
Gorbachev, Olga; Luengo-Prado, Maria José - 2016 - This version: July 7, 2016
We use the 1979 National Longitudinal Survey of Youth to revisit what is termed the credit card debt puzzle: why consumers simultaneously co-hold high-interest credit card debt and lowinterest assets that could be used to pay down this debt. This dataset contains unique information on...
Persistent link: https://www.econbiz.de/10011516711
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How important is variability in consumer credit limits?
Fulford, Scott L. - 2014 - This version: May 2014; first draft: June 2010
Credit limit variability is a crucial aspect of the consumption, savings, and debt decisions of households in the United States. Using a large panel, this paper first demonstrates that individuals gain and lose access to credit frequently and often have their credit limits reduced unexpectedly....
Persistent link: https://www.econbiz.de/10010414215
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Is the selfish life-cycle model more applicable in Japan and, if so, why? : a literature survey
Horioka, Charles - 2020
The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used theoretical model of household behavior in economics, but does this model apply in the case of a country like Japan, which is said to have closer family ties than other countries? In...
Persistent link: https://www.econbiz.de/10012291218
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Saving after retirement and preferences for residual wealth
Fella, Giulio; Holm, Martin Blomhoff; Pugh, Thomas - 2024 - Last updated: June 11, 2024
We use administrative data for Norway to estimate an incomplete-market life cycle model of retired singles and couples with a bequest motive, health-dependent utility, and uncertain longevity and health. We allow the parameters of the bequest utility to differ between households with and without...
Persistent link: https://www.econbiz.de/10014562957
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Why do Europeans save? : micro-evidence from the household finance and consumption survey
Horioka, Charles; Ventura, Luigi - 2024
criterion to rank them but that the retirement motive is the most important saving motive of European households if the … importance of each saving motive, with saving for the retirement motive being less important in countries with generous public … findings suggest that the retirement motive and the precautionary motive are the dominant motives for saving in Europe partly …
Persistent link: https://www.econbiz.de/10015047840
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Uncertain longevity and investment in education
Sheshinski, Eytan - 2009
dependence of hazard rates, which determine individuals' behavioral response w.r.t. education, work and age of retirement …. -- longevity ; survival functions ; education ; work ; age of retirement ; annuities …
Persistent link: https://www.econbiz.de/10003883894
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Housing, wealth accumulation and wealth distribution : evidence and stylized facts
Causa, Orsetta; Woloszko, Nicolas; Leite, David - 2019
This paper produces new evidence and stylised facts on housing, wealth accumulation and wealth distribution, relying on an in-depth analysis of micro-based data on household wealth across OECD countries. The analysis addresses several questions: i) How is homeownership and housing tenure...
Persistent link: https://www.econbiz.de/10012202943
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TFSAs : Time for a Tune-Up
Laurin, Alexandre - 2020
December 19, 2019 – Tax-Free Savings Accounts (TFSAs) have had great success over the past decade, but could use a tune-up, says a new report from the C.D. Howe Institute.In “TFSAs: Time for a Tune-Up,” author Alexandre Laurin argues that after a decade in existence, there is now enough...
Persistent link: https://www.econbiz.de/10012845659