Behavioural economics and retirement savings
نویسندگان
چکیده
منابع مشابه
Tax Policy and Retirement Savings ∗
Governments around the world spend hundreds of billions of dollars subsidizing retirement savings through various tax preferences. This paper reviews the economics literature on retirement savings, with a particular focus on recent advances using behavioral economics and high-quality administrative data. This literature suggests that tax subsidies may not be an effective policy to increase reti...
متن کاملThe role of behavioral economics and behavioral decision making in Americans' retirement savings decisions.
Traditional economic theory posits that people make decisions by maximizing a utility function in which all of the relevant constraints and preferences are included and weighed appropriately. Behavioral economists and decision-making researchers, however, are interested in how people make decisions in the face of incomplete information, limited cognitive resources, and decision biases. Empirica...
متن کاملSavings after retirement: A survey;
Retired U.S. households, especially those with high income, decumulate their assets more slowly than implied by the basic life cycle model. The observed patterns of outof-pocket medical expenses, which rise quickly with age and income during retirement, and longevity, which also rises with income, can explain a significant portion of U.S. retirement saving. However, more work is needed to disen...
متن کاملCouples and Singles’ Savings After Retirement
We model the saving problem of retired couples and singles facing uncertain longevity and medical expenses in presence of means-tested social insurance. Households can save to self-insure against uncertain longevity and medical expenses, and to leave bequests. Individuals in a couple can be altruistic towards their spouse and other heirs and split bequests optimally. Single people can care abou...
متن کاملThree Essays on Retirement and Savings Behaviour
This dissertation presents three essays on retirement and savings behaviour. It relies on secondary data from British national surveys to empirically address how workers prepare and adapt to the economic circumstances of later life. Chapter 1 analyses the effectiveness of providing workers with the opportunity to join workplace pension schemes to stimulate pension savings. It estimates the pote...
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ژورنال
عنوان ژورنال: Policy Quarterly
سال: 2018
ISSN: 2324-1101,2324-1098
DOI: 10.26686/pq.v14i4.5153