منابع مشابه
Saving Shortfalls and Delayed Retirement
Prior research has suggested that many older Americans have not saved enough to maintain consumption levels in old age. One way older persons might respond to inadequate savings would be to extend their worklives by delaying retirement. This paper examines evidence on this matter using the Health and Retirement Study, a nationally representative panel survey of people age 51-61 in 1992 followed...
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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...
متن کاملPersonal Retirement Accounts and Saving.
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...
متن کاملMandatory Retirement Saving in Australia*
* This paper was prepared at the request of Estelle James, to whom we are grateful for detailed comments on an earlier draft. Geoffrey Kingston also offered valuable insights. 1. Introduction This paper focuses on the Superannuation Guarantee, as Australia's mandatory retirement saving plan is called. We begin by laying out its essential features, and offer an account of its genesis. We then cr...
متن کاملInstitutional diversity in retirement saving
This paper examines the conditions under which members of a defined benefit pension plan might bear investment risk, and examines the tradeoffs between defined benefit and defined contribution pension plans under these conditions. Wages and asset returns are assumed to be stochastic, and individuals are assumed to have no access to other savings markets or markets where human capital risk can b...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2005
ISSN: 1556-5068
DOI: 10.2139/ssrn.1093707