In private pre-funded retirement savings systems, workers can be compelled by regulation to make minimum contributions … to retirement accounts. We examine the impact of compulsory contributions into retirement savings (superannuation … the consumption of lower wealth individuals is severely constrained by compulsory savings, resulting in a sizeable welfare …

savings in retirement, this relationship is of increasing importance. We find differences between those people who self …-manage large retirement savings portfolios and those with money in institutional retirement savings funds, with the former …

individual accounts, the question of how to allocate retirement savings, and in particular which degree of risk to tolerate, is …Retirement is not the only motivation of saving but it is a prominent one. Whether channelled through pension funds or … fundamental.Investing in risky assets should not be viewed as a way to compensate for insufficient savings during a life time, or …

(DC) retirement plans. Retired households need to manage risks and generate income from their savings. We study the …Households in many countries reach retirement with lump sums of financial wealth accumulated in defined contribution … dynamics of retirement wealth and portfolio allocation using the three wealth waves of the Household, Income and Labour …

during good times and increase spending during bad times -- a cyclical matching rate on contributions to retirement savings … accounts. The combination of matching rates and matching limits on retirement savings plans creates sharp kinks in … bad aggregate states? I model an economy with liquid and illiquid savings accounts in which matching is suspended during …

Mandatory contributions to retirement savings accounts may tighten existing borrowing constraints, forcing individuals … to forgo profitable investment options. This welfare-detrimental effect can be offset if retirement savings are allowed … combined with a pension system with unconditional basic savings …

in retirement. Using an estimated structural model of saving and housing decisions, we find, first, that homeowners …

Over the life-cycle, wealth holdings tend to be highest in the early part of retirement. The quality of financial …

In this paper, we explore the life cycle consumption-savings problem in a stylized model with a risk-free investment … opportunity, a tax-deferred retirement account, and deterministic labor income. Our closed form solutions show that liquidity … constraints can be severely binding; in particular in situations with a high growth rate of labor income, in which retirement …