prefer holding stocks, with an equity share of retirement wealth declining with age--patterns markedly different from … retirement accounts are due to participation frictions rather than non-standard preferences such as loss aversion …

This article describes the open private pension plans offered in Brazil, which is one of the four pillars of the … Brazilian retirement system. A framework is created to describe and analyze the impact of the transaction costs and tax …

In a rich, calibrated life-cycle model, we show that well-designed mandatory pension plans significantly improve the …

the advice seeking behaviour of investors managing their own retirement funds. Specifically, we trace whether … sophisticated portfolios relative to their peers. Given the global rise in investors choosing to manage their own retirement funds …-performing retirement investments in the longer term …

English Abstract: 15 years after the introduction of the Riester pension, we take stock of what the Riester pension has … achieved by now and assess the opportunities for action. Since its introduction, the Riester Pension has been met with a broad … households in the lowest income quintile concluded Riester contracts. Nevertheless, this pension scheme cannot be considered as a …

With the passage of the Pension Protection Act of 2006 and the Department of Labor regulation regarding qualified … fund, but its more aggressive approach also leaves plan participants vulnerable to losses as retirement approaches. The … typical lifecycle fund, however, with a large cash position at retirement, forgoes hedging opportunities for the purchase of …

We conduct a randomized controlled trial to understand how a web-based retirement saving calculator affects workers …' retirement-savings decisions. In both conditions, the calculator projects workers' retirement income goal. In the treatment … condition, it also projects retirement income based on defined-contribution savings, prominently displays the gap between …

literacy and retirement readiness. To this end, we analyze two datasets, namely the 2020 and 2021 TIAA Institute-GFLEC Personal … retirement. Finally, we show that financial literacy has a strong connection to both debt and retirement money management …

with qualified retirement plans affected plan distributions at TIAA-CREF, a large retirement services provider. Using panel … data on retirement plan participants at TIAA-CREF, we find that roughly one third of those who were affected by minimum … distributions to finance consumption. We supplement these results based on administrative record data on retirement plan …