Tag: automatic contributions
![Senior man calculating finances](https://crr.bc.edu/wp-content/uploads/2022/11/financing_retirement_1-1536x1024.jpg)
The brief’s key findings are: To encourage retirement saving, policymakers use two types of tools: tax subsidies and automatic contributions. Both tools are effective at increasing retirement saving, but such increases could simply be offset by a reduction in a household’s non-retirement saving. A recent study, using Danish data, addresses this issue: A revision in…
![Cheerful senior man at home looking at his mail](https://crr.bc.edu/wp-content/uploads/2022/11/social_security_2-1536x1025.jpg)
The brief’s key findings are: The economic crisis has provided a ‘stress test’ for many pension systems. In Sweden, the crisis triggered an automatic ‘brake’ to restore financial balance and revealed two problems with the brake’s design: it can favor workers over retirees; and it can result in large shocks for retirees. In response, t…