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Persistent link: https://www.econbiz.de/10005607337
Are retirement savings sufficient to finance a good pension income? This highly uncertain and subjective dimension of … replacement rates are systematically higher than the American rates - the perceived savings adequacy is more or less the same … across Dutch and American workers. Moreover, individuals’ perceived savings adequacy was found to be influenced by the three …
Persistent link: https://www.econbiz.de/10011092199
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … change the level of pensions, but only manipulated the knowledge about and salience of expected pension payments. Using … on private retirement savings. Our results show that the letters increase private retirement savings. The effects are …
Persistent link: https://www.econbiz.de/10011536015
heterogeneity of rearing costs and of enjoying children is introduced. Two major results: (i) excluding negative savings, fertility … decreases with pension contributions and increases with taxes; (ii) the introduction of fertility-dependent pensions may …
Persistent link: https://www.econbiz.de/10010193875
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … change the level of pensions, but only manipulated the knowledge about and salience of expected pension payments. Using … on private retirement savings. Our results show that the letters increase private retirement savings. The effects are …
Persistent link: https://www.econbiz.de/10011535690
Many nations incentivize retirement saving by letting workers defer taxes on pension contributions, imposing them when retirees withdraw their funds. Using a dynamic life cycle model, we show how 'Rothification' - that is, taxing 401(k) contributions rather than payouts - alters saving,...
Persistent link: https://www.econbiz.de/10013464027
shows that the amount of income available for consumption, that is income after taxes, mortgage payments, savings, union … retiring Canadian, average Canadians will need little in the way of occupational pensions or retirement saving to live … government pensions. …
Persistent link: https://www.econbiz.de/10005481824
The stock market collapse led to political tensions between generations due to the fuzzy definition of the property rights over the pension funds’ wealth. The problem is best resolved by the introduction of generational accounts. Modern consumption and portfolio theory shows that the younger...
Persistent link: https://www.econbiz.de/10011334341
revenues did not influence the consumption and savings decisions of households, in this analysis the short-term indicators of … increased public debt and household savings. Consequently, similarly to official statistics, our household indicators and our …
Persistent link: https://www.econbiz.de/10009145962
Persistent link: https://www.econbiz.de/10005062910