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given rise to a broad policy discussion of the adequacy of household retirement wealth. We construct a uniquely … consumption throughout retirement, taking as given expected lifetimes and current Social Security benefits. We find a median …
Persistent link: https://www.econbiz.de/10012729719
retirement preparedness. This study provides financial educator and researchers with suggestions on how to help household make a …We examine the self-control problems of U.S households and their effects on households' retirement preparedness based … on the Behavioral Life-Cycle Hypothesis. Using the 2010 Survey of Consumer Finances dataset, the level of retirement …
Persistent link: https://www.econbiz.de/10012953540
have diversified ways to support financial life after retirement. In addition, annual household disposable income, family …In this paper, I am using the data from the 2013 Chinese Household Finance Survey (CHFS) to explore the impacts of … financial literacy on Chinese households' retirement planning and the demand for commercial insurances, especially among the …
Persistent link: https://www.econbiz.de/10012910582
economic variables that affect the pre-retirement and post-retirement phases. The analysis is based on the household unit and …Australia has a three-pillar based retirement system consisting of the Superannuation Guarantee Levy (SGL), Private … Savings and the Age Pension. The purpose of this paper is to assess the impact on the retirement standard of living of …
Persistent link: https://www.econbiz.de/10012896695
with higher total household wealth, lower financial stress and higher expected retirement income. We find little evidence … assume responsibility for a greater share of their future retirement saving and health and long-term care costs. Financial … financial literacy is an important determinant of financial protection in the older pre-retirement population in Ireland. Using …
Persistent link: https://www.econbiz.de/10012870293
This paper investigates different saving strategies of Russian population such as bank deposits, deposits in precious metals and depersonalized metal accounts, investments in mutual funds and securities, investments in private pension funds and life insurance, investments in real estate. The...
Persistent link: https://www.econbiz.de/10013018394
Persistent link: https://www.econbiz.de/10012618178
and finite retirement time in which an agent receives labor income that adjusts to financial market shocks in a path … dependent way. The novelty here, with respect to, is the fact that we have a finite retirement time, which makes the model more … realistic, but harder to solve. The presence of both path-dependency, as in, and finite retirement, leads to a two …
Persistent link: https://www.econbiz.de/10013243293
Persistent link: https://www.econbiz.de/10012231318
Persistent link: https://www.econbiz.de/10011574510