How price-elastic is the demand for retirement saving?
نویسندگان
چکیده
منابع مشابه
Retirement plans, personal saving, and saving adequacy.
This Issue Brief addresses three questions raised by recent trends in personal saving: How are national savings measured and what is the meaning of the trends in measured personal saving rates, given what is included and what is not included in those measures? What is the effect of retirement saving programs--in particular, 401(k) plans and individual retirement accounts (IRAs)--on personal sav...
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Dick Voith is a senior vice president and principal at Econsult Corporation, Philadelphia. When he wrote this article, he was an economic advisor in the Research Department of the Philadelphia Fed. The dominant trend in metropolitan development in the 20th century was the increasing use of land per capita. As households moved to the suburbs, both houses and residential lots increased dramatical...
متن کاملPublic Policy and Saving for Retirement
We thank Hewitt Associates for providing the data analyzed in this paper. We are particularly grateful to Consortium). The opinions and conclusions expressed are solely those of the authors and do not represent the opinions or policy of NIA, SSA, any other agency of the U.S. Federal Government, or the NBER.
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We estimate how much of the wealth of a sample of PSID respondents is held because some households face more income uncertainty than others. We begin by solving a theoretical model of saving, which we use to develop appropriate measures of uncertainty. We then regress measures of wealth on our measures of uncertainty, and find evidence that households engage in precautionary saving. Finally, we...
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Aging populations are leading countries worldwide to social security reforms. Many countries are moving from pay-as-you-go to personal retirement account (PRA) systems because of their financial sustainability and positive impact on private savings. PRA systems boost private savings at a macro level by converting a government liability into financial wealth managed by private fund managers. How...
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ژورنال
عنوان ژورنال: The Geneva Papers on Risk and Insurance - Issues and Practice
سال: 2018
ISSN: 1018-5895,1468-0440
DOI: 10.1057/s41288-018-0112-5