Tag: retirement savings plan
Abstract The “retirement saving puzzle” is a phenomenon in which many U.S. households have significant wealth late in life, contrary to the predictions of a simple life-cycle model. In this project, we examine cross-country differences in the saving behavior of retirees in order to weigh in on the discussion of the puzzle. First, we find…
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…
