2014

The 23rd wave of the Retirement Confidence Survey (RCS) finds that Americans’ confidence in their ability to afford a comfortable retirement remains low, despite the improving economy.

In this paper we propose the use of preferred outcome distributions as a new method to elicit individuals’ value and probability weighting functions in decisions under risk.

Using a combination of Dutch survey and administrative data, we show that survival expectations do in fact predict actual mortality in models that control for income and education level.

Recent research suggests that advice and communication about investment risks can be improved by use of the Distribution Builder (Goldstein, Johnson, and Sharpe 2008).

The financing of retirement has become a vital topic in the United States as more and more Baby Boomers rapidly approach the traditional retirement age of 65. This group, with birth years 1946–1964 (ages 49-67), currently totals just over 75 million people and will greatly change the demographics of the nation as it continues to age.

The paper studies retirement behavior of wage‐earners in Belgium – for the first time using rich survey data to explore retirement incentives as faced by individuals.

Collective pension schemes are the dominant form of saving for retirement in the Netherlands. We investigate the introduction of individual choices into a collective pension system without affecting the generally accepted advantages of a collective agreement.

The last decade has witnessed a renewed interest of researchers in portfolio choice theory, with a particular emphasis on the portfolio choice problem of a multi-period investor. The variability of expected asset returns over time is one of main distinctions that sets apart the multi-period portfolio choice problem from its single-period counterpart.

For both domestic and international investors, emerging markets may offer attractive investment opportunities. According to the IMF (2011), published by the IMF, emerging markets’ growth prospects are among the main considerations for asset allocation by long-term real-money investors. Also

At Budget 2014 the Chancellor announced radical changes to how Defined Contribution (DC) pension savings can be accessed at retirement.This Briefing Note explores how DC savings are accessed in other countries, how this interacts with wider government policy, and what international experience might mean for how DC savings are accessed in future in the UK.

This paper explores the optimal degree of funding of public sector pension plans. It is assumed that a benevolent social planner decides on the contribution of current taxpayers to the funding of public sector pensions next period, weighing the interests of current and future tax payers.

This paper investigates whether mutual fund families acting as trustees of 401(k) plans display favoritism toward their own funds.