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The effect of disability income on retirement decisions and wealth
Martin, Terrance K.; Guillemette, Michael A.; Urgel, … - In: Applied economics letters 25 (2018) 19, pp. 1333-1335
Persistent link: https://www.econbiz.de/10012135404
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Making use of home equity : the potential of housing wealth to enhance retirement security
Bravo, Jorge Miguel Ventura; Ayuso, Mercedes; Holzmann, … - 2019
data from the Eurosystem Household Finance and Consumption Survey (HFCS) to analyse the household's wealth composition and … accumulation process in the euro area. To quantify the size of the housing wealth and its potential to enhance existing and future … then catalogue and discuss the many alternative options for managing and accessing housing wealth over the life cycle, and …
Persistent link: https://www.econbiz.de/10012120692
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Accounting for the heterogeneity in retirement wealth
Yang, Fang - Federal Reserve Bank of Minneapolis - 2005
very well the empirical observation that households with similar lifetime incomes hold very different amounts of wealth at … retirement. Income heterogeneity and borrowing constraints are essential in generating the variation in retirement wealth among … in retirement wealth among high lifetime income households. …
Persistent link: https://www.econbiz.de/10005427729
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Asset building and the wealth gap
Community Affairs Office - In: Banking and Community Perspectives (2006) 3
. Wealth is less prevalent in middle-class households and increasing among the already well-to-do. At the same time, poverty is … growing and concentrating disproportionately among the nonwhite population. As the cost of living outpaces income and wealth …
Persistent link: https://www.econbiz.de/10005387163
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Putting the pension back in 401(k) plans: Optimal versus default longevity income annuities
Horneff, Vanya; Maurer, Raimond; Mitchell, Olivia S. - 2016
Most defined contribution pension plans pay benefits as lump sums, yet the US Treasury has recently encouraged firms to protect retirees from outliving their assets by converting a portion of their plan balances into longevity income annuities (LIA). These are deferred annuities which initiate...
Persistent link: https://www.econbiz.de/10011553781
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Behavioral Impediments to Valuing Annuities: Complexity and Choice Bracketing
Brown, Jeffrey R.; Kapteyn, Arie; Luttmer, Erzo F.P.; … - 2019
This paper examines two behavioral factors that diminish people's ability to value a life-time income stream or annuity, drawing on a survey of about 4,000 adults in a U.S. nationally representative sample. By experimentally varying the degree of complexity, we provide the first causal evidence...
Persistent link: https://www.econbiz.de/10012005964
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Implications of money-back guarantees for individual retirement accounts: Protection then and now
Horneff, Vanya; Liebler, Daniel; Maurer, Raimond; … - 2019
In the wake of the financial crisis and continued volatility in international capital markets, there is growing interest in mechanisms that can protect people against retirement account volatility. This paper explores the consequences for savers' wellbeing of implementing market-based retirement...
Persistent link: https://www.econbiz.de/10012113830
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Financing New Zealand Superannuation
McCulloch, Brian; Frances, Jane - 2001
The New Zealand Superannuation Fund is being established as a means of smoothing out the impact on the rest of the Crown's finances of the transition that will take place over the next fifty years to a permanently higher proportion of the population being eligible for New Zealand Superannuation,...
Persistent link: https://www.econbiz.de/10012115473
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Retirement Income Policy and National Savings
Law, David - 2013
This paper examines the implications for national savings of three retirement income policy options, designed to improve the fiscal sustainability of New Zealand Superannuation (NZS). A simple model is developed that employs population and longevity projections allowing estimation of the...
Persistent link: https://www.econbiz.de/10012115664
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The Effect of Public Pension Eligibility Age on Household Saving: Evidence from a New Zealand Natural Experiment
Talosaga, Talosaga; Vink, Mark - 2014
This paper examines the effect of the last increase in the eligibility age for New Zealand's public pension, New Zealand Superannuation, on household saving rates. The age of eligibility was increased progressively from 60 to 65 years old between 1992 and 2001, with little forewarning. Drawing...
Persistent link: https://www.econbiz.de/10012115688