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Evidence on individual preferences for longevity risk
Delprat, Gaet͏̈an; Leroux, Marie-Louise; Michaud, … - 2013
The standard model of intertemporal choice assumes risk neutrality toward the length of life: due to additivity, agents are not sensitive to a mean preserving spread in the length of life. Using a survey fielded in the RAND American Life Panel (ALP), this paper provides empirical evidence on...
Persistent link: https://www.econbiz.de/10009729068
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Evidence on individual preferences for longevity risk
Delprat, Gae͏̈tan; Leroux, Marie-Louise; Michaud, … - 2013
The standard model of intertemporal choice assumes risk neutrality toward the length of life: due to additivity, agents are not sensitive to a mean preserving spread in the length of life. Using a survey fielded in the RAND American Life Panel (ALP), this paper provides empirical evidence on...
Persistent link: https://www.econbiz.de/10009730526
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Labor force transitions at older ages : burnout, recovery, and reverse retirement
Jacobs, Lindsay; Suphanit Piyapromdee - 2016 - This version: April 29, 2016
Partial and reverse retirement are two key behaviors characterizing labor force dynamics for individuals at older ages …, with half working part-time and over a third leaving and later re-entering the labor force. The high rate of exit and re … work-related strain on the labor force participation on older males. We find that a model incorporating a work burnout …
Persistent link: https://www.econbiz.de/10011500435
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Stated Preference Analysis of Full and Partial Retirement in the United States
Kantarci, Tunga - 2013
In the traditional retirement scenario, individuals work full-time until a given age and then stop working abruptly. In the alternative partial retirement scenario, individuals work part-time for several years before they stop working. For the individual, partial retirement provides a smooth...
Persistent link: https://www.econbiz.de/10013072952
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Tax Preferences and Mandates : Is the Danish Savings Experience Applicable to the United States?
Banerjee, Sudipto; Adams, Nevin - 2013
In an environment where lawmakers are struggling to raise tax revenue, public-policy tax “expenditures” have come under heavy scrutiny. In particular, tax preferences to boost retirement savings in employer-provided retirement plans has been at the center of such discussions. A recent study...
Persistent link: https://www.econbiz.de/10014161388
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Do U.S. Households Perceive Their Retirement Preparedness Realistically?
Kim, Kyoung Tae - 2015
This study examines the divergence between objective and subjective assessment of retirement adequacy, analyzing U.S. households with a full-time worker age 35 to 60 in the 2010 Survey of Consumer Finances. Of those households, 58% have objective inadequacy, and 54% have subjective inadequacy,...
Persistent link: https://www.econbiz.de/10013028114
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Plan Design and Participant Behavior in Defined Contribution Retirement Plans : Past, Present, and Future
Reuter, Jonathan - National Bureau of Economic Research - 2024
I review the academic literature on defined contribution retirement plan design and participant behavior. While adoption of automatic enrollment has significantly increased participation rates, recent studies find the long-run effects on savings are smaller than the short-run effects, with some...
Persistent link: https://www.econbiz.de/10014635616
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Annual DC pension statements and the communications challenge
Antolín Nicolás, Pablo; Harrison, Debbie - 2012
This paper examines and evaluates the content and design of the annual pension statement sent to members of funded defined contribution (DC) pension schemes in a selection of OECD and non-OECD countries. The aims of the research are to identify the potential shortcomings in statement planning...
Persistent link: https://www.econbiz.de/10009684035
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Optimal Rules for Defined Contribution Plans : What Can We Learn from the U.S. and Australian Pension Systems?
Forman, Jonathan Barry - 2014
Both the United States and Australia have multi-pillar retirement systems that include a public component and a private component. Increasingly, the private component consists of a defined contribution plan. At the outset, this paper provides an overview of the retirement systems of the U.S. and...
Persistent link: https://www.econbiz.de/10013067180
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Lessons from the Efforts to Manage the Shift Away from Defined Benefit Plans to Defined Contribution Plans in Australia, the United Kingdom, and the United States
Brown, Elizabeth F. - 2016
This Article examines what lessons may be learned from examining how Australia, the United Kingdom, and the United States have tried to manage the shift away from defined benefit plans towards defined contribution plans. This shift has fundamentally changed the relationship between workers and...
Persistent link: https://www.econbiz.de/10013005963