Tag: retirement savings plan
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…
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…
