Medium- and long-run dynamics undermine the effect of automatic enrollment and default savings-rate auto-escalation on retirement savings. Our analysis of nine 401(k) plans incorporates the facts that employees frequently leave firms (often before matching contributions from their employer have...

Guarantees are often seen as the key characteristics of pension saving products, but securing them can become costly and is of central relevance especially in the course of the current low interest rate environment. In this article, we deal with the question of how costly the typical types of...

The crisis is likely to accelerate pension trends already at work. This further market shock highlighting the riskiness of company pension provision, and of equity investment, will probably accelerate the closure of existing DB schemes and encourage closer matching of assets with liabilities...