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A line of recent studies cast doubt on the efficacy of the lifecycle investment strategy, which calls for switching into a more conservative investment portfolio as retirement approaches, as a suitable way to provide for the retirement needs of workers with defined-contribution pensions. After...
Persistent link: https://www.econbiz.de/10013150607
This study examines the retirement plan participation and savings for United States government employees using the …
Persistent link: https://www.econbiz.de/10012976400
Government policymakers should not overlook enhancing RRSPs as a way to boost retirement savings by Canadians …, according to a report from the C.D. Howe Institute. In “The Overlooked Option for Boosting Retirement Savings: Higher Limits for …
Persistent link: https://www.econbiz.de/10013047462
Persistent link: https://www.econbiz.de/10013078777
This paper uses two decades of individual level information from Danish administrative registers to show that a 1-dollar increase in pension wealth leads to a 26-cent rise in total debt. We exploit time-sector variation in mandatory pension contribution rates to isolate the effect of pension...
Persistent link: https://www.econbiz.de/10012229479
prospect of fully annuitizing her accumulated savings. We field a large online survey of hypothetical product choices for …
Persistent link: https://www.econbiz.de/10012115352
Transaction costs impose a barrier to savings, but lowering them may have smaller impacts than expected due to other … constraints, such as psychological biases. Within the context of retirement savings under defined contributions in the privatized … that access alone has small and weak effects on savings, but including the persuasive message leads to a 10-12% increase in …
Persistent link: https://www.econbiz.de/10012167886
One problem for sustainability of systems pensions is how people without specialized financial training could manage their resources and their actual personal intentions towards retirement. Research objective is to analyse the relationship among several factors that affect the behaviour towards...
Persistent link: https://www.econbiz.de/10012506177
This paper examines how families adjust their private old-age savings in response to a change in individual pension …): 1998, 2003 and 2008. All results indicate that families do not adjust their private old-age savings in response to the … does not crowd-out old-age private savings. Hence, child care pension benefits increase a mother's old-age income without …
Persistent link: https://www.econbiz.de/10012996685
Americans are considering major reforms to income tax, both personal and corporate. In order to fund the desired reduction in tax rates it is necessary to broaden the tax base. All tax deductions, credits and exempt incomes (tax expenditures) are under review. On that list are the tax sheltered...
Persistent link: https://www.econbiz.de/10012946984