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What is an adequate standard of living during retirement?

Binswanger, Johannes; Schunk, Daniel - 2009

Many economists and policy-makers argue that households do not save enough to maintain an adequate standard of living during retirement. However, there is no consensus on the answer to the underlying question about what this standard should be, despite the fact that it is crucial for the design...

Persistent link: https://www.econbiz.de/10003923525

Income inequality and saving

Alvarez-Cuadrado, Francisco; Attar, Mayssun el - 2012

Over the last three decades, average income for the bottom half of the US distribution increased by 8% while their average saving rate decreased by eight percentage points. Over the same period the US experienced a substantial increase in inequality and a continuous decrease in the aggregate...

Persistent link: https://www.econbiz.de/10009681548

Pensions and Intertemporal Choice : Evidence from the U.S. Military

Cunha, Jesse M. - 2014

We study a choice made by over 20,000 U.S. military personnel annually between the High-3 and Redux retirement plans. Compared to High-3, Redux offers a $30,000 current lump sum payment in exchange for lower future annuity payments. Despite break-even discount rates between 10% and 25%, about...

Persistent link: https://www.econbiz.de/10013060303

The Success of the U.S. Retirement System

Brady, Peter J. - 2012

Persistent link: https://www.econbiz.de/10013096814

Wealth concentration in the United States using an expanded measure of net worth

Jacobs, Lindsay; Llanes, Elizabeth; Moore, Kevin; … - 2021 - This version: April 2021

that these broadly held resources substitute for savings, measures of wealth inequality that do not account for DB pensions …Defined benefit (DB) pensions and Social Security are two important resources for financing retirement in the United …

Persistent link: https://www.econbiz.de/10012584693

Declining natural interest rate in the US : the pension system matters

Bonchi, Jacopo; Caracciolo, Giacomo - 2021

Persistent link: https://www.econbiz.de/10012612965

Reverse mortgage participation in the United States : evidence from a national study

Chatterjee, Swarn - In: International Journal of Financial Studies : open … 4 (2016) 1, pp. 1-10

This paper uses the most recent wave of a nationally representative dataset to examine the factors associated with elderly homeowners' decision to obtain reverse mortgage loans. The findings of this study suggest that very few homeowners participated in the reverse mortgage market, and...

Persistent link: https://www.econbiz.de/10011474457

Savings and wealth of the lifetime rich : evidence from the UK and US

Bozio, Antoine; Emmerson, Carl; O'Dea, Cormac; Tetlow, Gemma - 2013

Whether higher lifetime income households do save a larger share of their income is one of the longstanding empirical questions in economics that has been surprisingly difficult to answer. We use both consumption data and a new dataset containing both individual survey data on wealth holdings...

Persistent link: https://www.econbiz.de/10010222359

Retirement Savings Adequacy in U.S. Defined Contribution Plans

Gomes, Francisco - 2020

We evaluate retirement savings adequacy using a large panel of U.S. workers with a 401(k) account. We model medical …

Persistent link: https://www.econbiz.de/10012850740

How do Behavioral Approaches to Increase Savings Compare? Evidence from Multiple Interventions in the U.S. Army

Patterson, Richard W.; Skimmyhorn, William L. - National Bureau of Economic Research - 2022

increase retirement savings. However, gauging the relative efficacy of these approaches is challenging because the supporting … rates, active choice, and automatic enrollment) designed to increase retirement savings. Consistent with previous literature …, we find sizable effects of savings interventions on participation and cumulative contributions that increase with the …

Persistent link: https://www.econbiz.de/10013462745

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