Archive: Financing Retirement
It is always interesting to look at Vanguard’s most recent edition of “How America Saves.” And it is particularly interesting to get the numbers for 2022 – not a good year for the stock market. Indeed, the news isn’t good for 2022. More importantly, the longer-run trends – despite a great expansion in auto-enrollment –…
We provide new evidence of forward-looking labor supply responses to changes in pension wealth. We exploit a 2014 German reform that increased pension wealth for mothers by an average of 4.4 percent per child born before January 1992. Using administrative data on the universe of working histories, we implement a difference-in-differences design comparing women who…
