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We investigate risk presentations in retirement savings decisions using a discrete choice experiment where subjects …
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allocating retirement savings within a compulsory defined contribution retirement plan. The paper develops the implications and … retirement savings scheme. The experiment finds overall rates of violation of roughly 25%, and substantial variation in rates … contribution retirement schemes, where the future welfare of current workers depends on quantitative decision-making skills that a …
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A simulation approach is used to investigate how various investment strategies affect the ability of retirees to spend at a desired level up until death. Retirees are assumed to maintain all investment and longevity risk, and also have access to a government-sponsored and means tested Age...
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