Journal ArticleDOI
When are voluntary pensions indifferent
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In this paper, the authors proposed a simple model in which voluntary pensions partly replace mandatory ones without affecting the outcomes: the voluntary pensions are indifferent and the mandatory pensions are usually supplemented by a voluntary one.About:
This article is published in Economics Letters.The article was published on 2011-05-01. It has received 10 citations till now. The article focuses on the topics: Pension.read more
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Optimal Cap on Pension Contributions
TL;DR: In this paper, the government operates a mandatory proportional (contributive) pension system to substitute for the low life-cycle savings of the low-paid myopes, and the socially optimal contribution rate is high (equalizing young and old-age consumption for them), while an appropriate cap on pension contributions makes room for the saving of high-paid far-sighted workers.
Do Retirement Saving Programs Increase Saving
TL;DR: Venti et al. as discussed by the authors analyzed the effect of tax reform on saving of IRAs and found that if it were not for the 1986 tax legislation, personal retirement saving would have been much larger.
Journal ArticleDOI
Socially optimal contribution rate and cap in a proportional (DC) pension system
TL;DR: In this paper, the authors proposed a mandatory proportional (DC) pension system to substitute for the low life-cycle savings of the lower-paid myopic workers, while maintaining the incentives of the higher-paid far-sighted ones in contributing to the system.
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Factors Affecting the Development of Voluntary Pension Schemes in CEE Countries: A Panel Data Analysis
TL;DR: In this paper, the authors provided some quantitative information on voluntary pension plans in 10 CEE countries obtained from various local sources and used a panel regression framework for the period of 2006-2014.
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Socially optimal cap on pension contributions
TL;DR: In this article, the government operates a mandatory proportional pension system to substitute for the low life-cycle savings of the lower-paid myopes, while maintaining the incentives of the higher-paid, far-sighted in contributing to the system.
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How Retirement Saving Programs Increase Saving
TL;DR: In this paper, the effect of IRA and 401(k) contributions on net personal saving is analyzed. But the authors focus on reconciling their results with the findings in other studies that reach different conclusions.
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The Illusory Effects of Saving Incentives on Saving
TL;DR: In this paper, the extent to which saving incentives have raised private and national (public plus private) saving has been investigated, and the long-run impact on public saving is less obvious; if the incentives increase private saving, they may also increase income and tax revenue.
Journal ArticleDOI
The Illusory Effects of Saving Incentives on Saving
TL;DR: In this article, the authors evaluate the impact of tax-based saving incentives on saving and conclude that little if any of the contributions to existing saving incentives have raised saving, since saving incentives interact with debt, non-financial assets, financial markets, and pensions.
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Details Matter: The Impact of Presentation and Information on the Take-Up of Financial Incentives for Retirement Saving
TL;DR: This article examined the effects of presentation and information on the take-up of financial subsidies for retirement saving in a large randomized experiment carried out with H&R Block and found that both pure incentives and the presentation of those incentives affect consumer choices.
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Should Social Security Benefits Be Means Tested
TL;DR: In this paper, the authors examined the conditions under which the welfare loss could be reduced by replacing the current universal social security program with a means-tested program that pays benefits only to those individuals with little or no other retirement income or assets.