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retirement, it is not generally recognized that differing genders and ethnic groups do not save the same even if income is … equalized. This article contributes to the discussion by studying the determinants of retirement wealth across a range of … ethnicities, including White, Pasifika and Asian. Differences in retirement wealth between ethnic groups is relatively unexplored …
Persistent link: https://www.econbiz.de/10013123463
low levels of retirement savings. We investigate the relation between planning and retirement wealth. Those who have …Most Americans have not estimated how much they need to save for retirement. This lack of awareness may contribute to … estimated how much they need to save for retirement have significantly higher retirement wealth. Respondents who rely on an …
Persistent link: https://www.econbiz.de/10013089188
Most Americans will lack the financial resources to be secure and relatively satisfied upon retirement, and … commentators increasingly recognize that this “retirement crisis” calls for policy changes affecting both active participants in … towards addressing the retirement crisis while also providing a flexible framework for future policy reform …
Persistent link: https://www.econbiz.de/10012902923
Long term care expenses represent a known unknown in retirement planning. A large majority of households will need some …
Persistent link: https://www.econbiz.de/10012903092
three well-established puzzles in the retirement literature. The first puzzle is that, given incentives, the extent of …
Persistent link: https://www.econbiz.de/10012889516
This paper studies the behavior towards retirement of a sample of workers from Al Jouf Region in Saudi Arabia. This is …, in particular, to identify socioeconomic factors put forward in preparing for retirement. Data collected via … questionnaires are analyzed using factor analysis. Beyond the general perception which associates retirement to something negative …
Persistent link: https://www.econbiz.de/10012935085
for working indefinitely. Most workers stating that they would never retire probably would have expected retirement ages … under 67, if they had planned for retirement. Evaluations of retirement adequacy of workers should carefully consider the … retirement …
Persistent link: https://www.econbiz.de/10012935424
In a large online experiment, we relate the retirement timing decision to the disparity between the willingness … order to delay retirement is elicited. Our results reveal that the framing of the decision problem strongly influences … participants' reservation price for early retirement. The willingness-to-accept for early retirement is more than twice as high as …
Persistent link: https://www.econbiz.de/10012973339
and planned retirement timing decisions. Theory predicts that hyperbolic time preferences can lead to dynamically … inconsistent retirement timing. We find that time inconsistent participants retire on average 1.75 years earlier than time … consistent participants. Participants, who are not yet retired, decrease their planned retirement age as they grow older. This …
Persistent link: https://www.econbiz.de/10012855524