Archive: Gopi Shah Goda
The brief’s key findings are: One barrier to saving may be ignorance about how it translates into retirement income. A recent study conducted a field experiment to see whether providing workers with retirement income projections affected the amount they saved. The results show that such projections, accompanied by information on retirement planning, could modestly increase saving. T…
Abstract This paper provides new insights into the effect of the widespread transition from defined benefit (DB) to defined contribution (DC) pension plans on employee mobility. Pension plans may affect employee mobility both through an “incentive effect,” where the bundle of benefit characteristics, such as vesting rules, relative liquidity and the risk/return tradeoff affect turnover…