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 …

' savings for retirement. We consider voluntary accounts as opposed to mandatory accounts with minimum contribution rates. We …

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 …

, the public pension system cannot make the happiness level higher comparing to private savings. This paper concludes that …

-age consumption is financed with voluntary savings, even in the presence of a fairly generous public pension system. This is clearly …

Pensions may be provided for in a modern society by several methods, viz., voluntary individual savings, mandatory … individual savings, that the fully funded occupational system is decided upon by the age cohort of the median worker and that … decisions is a Pareto-equilibrium. Nowadays most of capital supply stems from individual and institutionalised pension savings …

In the presence of means tested basic income for old age, households will tend to reduce precautionary savings to an … representative agent framework with two income types, compulsory savings are found to be Pareto-improving up to a point. Beyond that …