Showing 41 - 50 of 134,846
This paper measures the cost of biased retirement expectations for investors in target-date funds. Using survey data, we show that respondents systematically underestimate their long-run labor participation on average by 4.8 years, with errors having meaningful cross-sectional relationships. We...
Persistent link: https://www.econbiz.de/10013310857
Using harmonized wealth data and a novel decomposition approach, we show that cohort effects exist in the income profiles of asset and debt portfolios for a sample of European countries, the U.S. and Canada. We find that younger households’ participation decisions in assets are more responsive...
Persistent link: https://www.econbiz.de/10010231400
Using harmonized wealth data and a novel decomposition approach, we show that cohort effects exist in the income profiles of asset and debt portfolios for a sample of European countries, the U.S. and Canada. We find that younger households' participation decisions in assets are more responsive...
Persistent link: https://www.econbiz.de/10010212303
decades. Voluntary savings for retirement will therefore gain more and more relevance in order to maintain one’s standard of … living during retirement. This article examines the savings behavior for retirement on an individual level in Germany. As a … well as the disposable household income. Furthermore migrants and individuals living in the Eastern part of Germany turn …
Persistent link: https://www.econbiz.de/10010517686
correct for some parts of household savings, we question the correctness of the unitary model with respect to non …-mandatory retirement savings. To answer this question we analyze the intra-household allocation of retirement savings between partners in … of household decision making can thus be rejected with respect to retirement savings. …
Persistent link: https://www.econbiz.de/10011434405
In this paper, I am using the data from the 2013 Chinese Household Finance Survey (CHFS) to explore the impacts of … have diversified ways to support financial life after retirement. In addition, annual household disposable income, family …
Persistent link: https://www.econbiz.de/10012910582
In this paper I examine financial literacy and saving for retirement in Kenya using the household survey of 2016 from … instrumental variable approach by using the proximity of a household to the nearest public secondary school. I find a positive …
Persistent link: https://www.econbiz.de/10012889942
correct for some parts of household savings, we question the correctness of the unitary model with respect to non …-mandatory retirement savings. To answer this question we analyze the intra-household allocation of retirement savings between partners in … of household decision making can thus be rejected with respect to retirement savings …
Persistent link: https://www.econbiz.de/10012969363
How does the provision of public pension benefits impact private savings? We answer this question in the context of a …, inconsistent with the notion that future differences in pension eligibility impact savings. Second, we show large savings responses … to other savings vehicles, such as bank or stock market accounts. Additional analyses point to inertia as a leading …
Persistent link: https://www.econbiz.de/10013238297
Both policymakers and members of the public are concerned regarding the adequacy of U.S. households' retirement savings … point out that they currently save little. But this leaves open the possibility that low savings are appropriate given … simple model to calculate the household wealth and saving rates necessary for stylized earners to achieve income …
Persistent link: https://www.econbiz.de/10012847028