retirement plan costs and investment choices provided, make it important to understand how people select their retirement plan … retirement wellbeing. We show that streamlined participants' new allocations exhibited significantly lower within-fund turnover …

schemes increases private savings by around 66 cents. This is the ratio of the difference in average net wealth between … contributed, calculated as the ratio of the €6,500 difference in tax-relief-adjusted wealth between the two groups to the average …

We use a unique dataset from a large retail bank to examine the impact of financial advice on personal retirement … savings. We document that retirement-related financial advice is associated with an increase in tax-exempt retirement accounts …-educated). Additional investments into retirement accounts and equities primarily come from external sources and checking accounts. The bank …

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 …

In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data … from the "Survey of Italian Households' Income and Wealth," a panel survey of households conducted every two years by the … Bank of Italy. We find that, on average, the retired elderly in Italy are decumulating their wealth (dissaving) but that …

on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount … to evaluate the adequacy of retirement savings. We find first that the specification of the model's asset structure … have access only to a risk‐free asset compared to when we account for the fact that much of their wealth is stored in …

financial literacy is an important determinant of financial protection in the older pre-retirement population in Ireland. Using … 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 …

) countries and also broken down by the age group of the household head. We find that pre-retirement households (households with a …

In this paper, we present updated measures of racial disparities in wealth using the most recent data from the Survey … of Consumer Finances (SCF), augmented by household-level estimates of defined benefit (DB) pension wealth developed by … Sabelhaus and Volz (2020). Including this important asset, we find that racial wealth disparities are smaller than the numbers …