“Perceived Helpfulness of Financial Well-being Programs: Results From the 2017 and 2018 Retirement Confidence Survey,” by Craig Copeland (EBRI Issue Brief No. 457, September 2018, .pdf format, 19p.).
www.ebri.org/publications/ib/index.cfm?fa=ibDisp&content_id=3708
How Persistent Low Returns Will Shape Saving and Retirement, edited by Olivia S. Mitchell, Robert Clark, and Raimond Maurer (August 2018, ISBN: 9780198827443, 256p.).
“How Financial Literacy and Impatience Shape Retirement Wealth and Investment Behaviors,” by Justine Hastings and Olivia S. Mitchell (WP2018-10, August 2018, .pdf format, 26p.).
“How Do Fees Affect Plans’ Ability to Beat Their Benchmarks?” by Jean-Pierre Aubry and Caroline V. Crawford (SLP No. 61, August 2018, .pdf format, 8p.).
“Will Congress Act on Retirement Savings? A summary of current legislative proposals,” by John Scott (August 2018, .pdf format, 8p.).
“How Will Persistent Low Expected Returns Shape Household Behavior?” by Vanya Horneff, Raimond Maurer, and Olivia S. Mitchell (WP2018-7, July 2018, .pdf format, 18p.).
pensionresearchcouncil.wharton.upenn.edu/wp-content/uploads/2018/07/WP-2018-7-Horneff-et-al.pdf
“Do Young Adults with Student Debt Save Less for Retirement?” by Matthew S. Rutledge, Geoffrey T. Sanzenbacher, and Francis M. Vitagliano (IB No. 18-13, June 2018, .pdf and Excel format, 8p.).
“Current Population Survey: Issues Continue for Retirement Plan Participation and Retiree Income Estimates,” by Craig Copeland (EBRI Issue Brief No. 452, June 2018, .pdf format, 17p.).
www.ebri.org/publications/ib/index.cfm?fa=ibDisp&content_id=3644
“Retirement Plan Investing: Clearer Information on Consideration of Environmental Social and Governance Factors Would Be Helpful,” (GAO-18-398, May 2018, .pdf format, 63p.).
“Small Business Retirement Plans and the IRS’ Employee Plans Fee Change,” a hearing held April 17, 2018 (witness statements available in .pdf format, video of the full hearing available at the site, running time 40 minutes 40 seconds). Note: The hearing begins at the 11:11 mark.
smallbusiness.house.gov/calendar/eventsingle.aspx?EventID=400758
“Workplace Retirement Accounts: Better Guidance and Information Could Help Plan Participants at Home and Abroad Manage Their Retirement Savings,” (GAO-18-19, January 2018, .pdf format, 86p.).
Links to an abstract are available. For full text availability check your organization’s library.
A. “The Comparative Advantage of Medicare Advantage,” by Joseph P. Newhouse, Mary Beth Landrum, Mary Price, J. Michael McWilliams, John Hsu, and Thomas McGuire (w24289, February 2018, .pdf format, 33p.).
B. “Earnings Test, Non-actuarial Adjustments and Flexible Retirement, by Axel H. Boersch-Supan, Klaus Haertl, and Duarte N. Leite (w24294, February 2018, .pdf format, 49p.).
C. “How Persistent Low Expected Returns Alter Optimal Life Cycle Saving, Investment, and Retirement Behavior,” by Vanya Horneff, Raimond Maurer, and Olivia S. Mitchell (w24311, February 2018, .pdf format, 18p.).
“Exploring the ‘Gig Economy’ and the Future of Retirement Savings,” a hearing held February 6, 2018 (witness statements available in .pdf format, video of the full hearing available at the site, running time 1 hour 24 minutes).
www.help.senate.gov/hearings/exploring-the-gig-economy-and-the-future-of-retirement-savings
“Hope for the best, plan for the worst? Insights into our planning for a longer life,” (February 2018, .pdf format, 27p.).
“Do Retirement Savings Increase in Response to Information About Retirement and Expected Pensions?” by Mathias Dolls, Philipp Dorrenberg, Andreas Peichl and Holger Stichnoth (CESifo Working Paper No. 6842, January 2018, .pdf format, 35p.). Note: Links to the abstract and the full text of the paper available at:
EBRI Note (Vol. 38, No. 10, December 2017, .pdf format, 9p.). Note: “Savings Medicare Beneficiaries Need for Health Expenses: Some Couples Could Need as Much as $370,000, Up from $350,000 in 2016,” by Paul Fronstin and Jack VanDerhei.
www.ebri.org/publications/notes/index.cfm?fa=notesDisp&content_id=3525
A. “Dodged a Bullet? “Rothification” Likely to Reduce Retirement Saving,” by Alicia H. Munnell and Gal Wettstein (IB No. 17-20, November 2017, .pdf format, 7p.).
Dodged a Bullet? “Rothification” Likely to Reduce Retirement Saving
B. “Is Working Longer a Good Prescription for All?” by Geoffrey T. Sanzenbacher and Steven A. Sass (IB No. 17-21, November 2017, .pdf format, 7p.).
“Dodged a Bullet? “Rothification” Likely to Reduce Retirement Saving,” by Alicia H. Munnell and Gal Wettstein (IB No. 17-20, November 2017, .pdf format, 8p.).
crr.bc.edu/briefs/dodged-a-bullet-rothification-likely-to-reduce-retirement-saving/
“The Nation’s Retirement System: A Comprehensive Re-evaluation Is Needed to Better Promote Future Retirement Security,” (GAO-18-111SP, October 2017, .pdf format, 173p.).
“Can Knowledge Empower Women to Save More for Retirement?” by Drew M. Anderson and J. Michael Collins (WP No. 2017-12, September 2017, .pdf format, 29p.). Note: Links to the abstract and the full text of the paper available at:
crr.bc.edu/working-papers/can-knowledge-empower-women-to-save-more-for-retirement-2/
A. “The Impact of Raising Children on Retirement Security,” by Alicia H. Munnell, Wenliang Hou, and Geoffrey T. Sanzenbacher (IB No. 17-16, September 2017, .pdf format, 10p.).
crr.bc.edu/briefs/the-impact-of-raising-children-on-retirement-security/
B. “Are Many Retirees With Dementia Lacking Help?” by Anek Belbase, Geoffrey T. Sanzenbacher, and Sara Ellen King (IB No. 17-15, August 2017, .pdf format, 7p.).
crr.bc.edu/briefs/are-many-retirees-with-dementia-lacking-help/
“Why Mandate Young Borrowers to Contribute to their Retirement Accounts?” by Torben M. Andersen and Joydeep Bhattacharya (CESifo Working Paper No. 6577, July 2017, .pdf format, 45p.). Note: Links to the abstract and the full text of the paper available at:
www.cesifo-group.de/ifoHome/publications/working-papers/CESifoWP/CESifoWPdetails?wp_id=19335589
“The Global Savings Gap,” by Ben Franklin and Dean Hochlaf (June 2017, .pdf format, 72p.).
www.ilcuk.org.uk/index.php/publications/publication_details/the_global_savings_gap
“The Relative Effects of Economic and Non-Economic Factors on Taxpayers’ Preferences Between Front-Loaded and Back-Loaded Retirement Savings Plans,” by Andrew D. Cuccia, Marcus M. Doxey, and Shane R. Stinson (WP 2017-7, July 2017, .pdf format, 46p.). Note: Links to the abstract and the full text of the paper available at:
“The Federal Reserve’s Impact on Main Street, Retirees, and Savings,” a hearing held June 28, 2017 (witness statements available in .pdf format, video of the full hearing available at the site, running time 2 hour 13 minutes). Note: Hearing begins at the 21:00 mark and ends at the 2:34:07 mark.
financialservices.house.gov/calendar/eventsingle.aspx?EventID=402046
“Early indicator estimates from the Wealth and Assets Survey: attitudes towards saving for retirement, credit commitments and debt burden, July 2016 to Dec 2016,” (June 2017, .pdf and HTML format, 27p.).
“Retirement Plan Knowledge Among State and Local Government Workers Under 40,” (May 2017, .pdf format, 7p.).
“Regulatory Barriers Facing Workers and Families Saving for Retirement,” a hearing held May 17, 2017 (witness statements available in .pdf format, video of the full hearing available at the site, running time 1 hour 53 minutes). Note: The hearing begins at the 24:12 mark.
edworkforce.house.gov/calendar/eventsingle.aspx?EventID=401647
A. “Liquid Savings of Working Households Ages 50-64,” by William Shiflett and Catherine Harvey (May 2017, .pdf format, 4p.).
www.aarp.org/ppi/info-2017/liquid-savings-of-working-households.html
B. “Low-Income Housing Tax Credits: Meeting the Demand for Affordable Rental Housing,” by Brad Gudzinas (May 2017, .pdf format, 3p.).
www.aarp.org/ppi/info-2017/low-income-housing-tax-credits.html
“Who Contributes to Individual Retirement Accounts?” by Anqi Chen and Alicia H. Munnell (IB 17-8, April 2017, .pdf format, 8p.).
crr.bc.edu/briefs/who-contributes-to-individual-retirement-accounts/
“Fiscal Savings to States of Helping People Save More for Their Own Retirement,” by William Shiflett and Catherine Harvey (April 2017, .pdf format).
www.aarp.org/ppi/info-2017/State-Fiscal-Savings-Fact-Sheets.html
“The Effects of Education on Canadians’ Retirement Savings Behaviour,” by Derek Messacar (Analytical Studies Branch Research Paper No. 391, March 2017, .pdf and HTML format, 32p.).
“Household Retirement Saving: The Location of Savings Between Spouses,” by Katherine Grace Carman and Angela Hung (WR1166, January 2017, .pdf format, 62p.). Note: Links to the abstract and the full text of the paper available at:
“How Does the Level of Household Savings Affect Preference for Immediate Annuities?” by Sudipto Banerjee (Issue Brief No. 430, February 2017, .pdf format, 20p.).
www.ebri.org/publications/ib/index.cfm?fa=ibDisp&content_id=3415
“Household Retirement Saving: The Location of Savings Between Spouses,” by Katherine Grace Carman and Angela Hung (WR-1166, January 2017, .pdf format, 62p.). Note: Links to the abstract and the full text of the paper available at:
“Who is Eager to Save for Retirement – The Cross-Country Evidence,” by Anna Kaliciak, Radoslaw Kurach and Walid Merouani (LWS Working Paper No. 23, December 2016, .pdf format, 58p.).
Abstract:
In this study we challenge the problem of inadequate voluntary pension saving looking for its behavioural determinants. By exploring the Luxembourg Wealth Study dataset for four countries (Greece, Italy, United Kingdom and United States) we argue that financial risk aversion and intertemporal choices significantly affect the individuals? propensity to save for retirement. Moreover, we verify the links between these two behavioural factors and sociodemographic characteristics of the investigated societies which should have practical implications for regulatory framework.
“Workplace pension participation and saving trends: 2005 to 2015,” (December 2016, .pdf and Excel format, 16p.).
www.gov.uk/government/statistics/workplace-pension-participation-and-saving-trends-2005-to-2015
“Does the Expansion of Public Long-Term Care Funding Affect Savings Behaviour?” by Joan Costa-i-Font and Cristina Vilaplana (CESifo Working Paper No. 6135, October 2016, .pdf format, 34p.). Note: Links to the abstract and the full text of the paper available at:
www.cesifo-group.de/ifoHome/publications/working-papers/CESifoWP/CESifoWPdetails?wp_id=19255826
“The Effect of Non-contributory Pensions on Saving in Mexico,” by Jorge Alonso, Catalina Amuedo-Dorantes and Laura Juarez (WP-630, October 2016, .pdf format, 42p.). Note: Links to the abstract and the full text of the paper available at:
A. “Overview of the Pension Protection Fund,” by Djuna Thurley (SN03917, October 2016, .pdf format, 19p.).
researchbriefings.parliament.uk/ResearchBriefing/Summary/SN03917
B. “Lifetime ISA and pensions,” by Djuna Thurley (CBP-7724, October 2016, .pdf format, 18p.).
researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-7724
Links to an abstract are available. For full text availability check your organization’s library.
A. “Teaching, Teachers Pensions and Retirement across Recent Cohorts of College Graduate Women,” by Maria D. Fitzpatrick (w22698, September 2016, .pdf format, 32p.).
B. “Economic Conditions and Mortality: Evidence from 200 Years of Data,” by David M. Cutler, Wei Huang, and Adriana Lleras-Muney (w22690, September 2016, .pdf format, 50p.).
C. “The Impact of Medical Marijuana Laws on the Labor Supply and Health of Older Adults: Evidence from the Health and Retirement Study,” by Lauren Hersch Nicholas and Johanna Catherine Maclean (w22688, September 2016, .pdf format, 39p.).
D. “The Impact of Intergenerational Transfers on Household Wealth Inequality in Japan and the United States,” by Yoko Niimi and Charles Yuji Horioka (w22687, September 2016, .pdf format, 30p.).
E. “Do Savings Increase in Response to Salient Information about Retirement and Expected Pensions?” by Mathias Dolls, Philipp Doerrenberg, Andreas Peichl, and Holger Stichnoth (w22684, September 2016, .pdf format, 42p.).
A. “What Are the Effects of Doubling Up on Retirement Income and Assets?” by Deirdre Pfeiffer, Katrin B. Anacker and Brooks Louton (WP No. 2016-10, September 2016, .pdf format, 53p.). Note: Links to the abstract and the full text of the paper available at:
crr.bc.edu/working-papers/what-are-the-effects-of-doubling-up-on-retirement-income-and-assets-2/
B. “How Does Student Debt Affect Early-Career Retirement Saving?” by Matthew S. Rutledge, Geoffrey T. Sanzenbacher and Francis M. Vitagliano (WP No. 2016-9, September 2016, .pdf format, 33p.). Note: Links to the abstract and the full text of the paper available at:
crr.bc.edu/working-papers/how-does-student-debt-affect-early-career-retirement-saving/
“Business Owners’ Perspectives on Workplace Retirement Plans and State Proposals to Boost Savings,” (September 2016, .pdf and HTML format, 16p.).
“Securing America’s Retirement Future: Examining the Bipartisan Policy Center’s Recommendations to Boost Savings,” a hearing held Sept. 7, 2016 (witness statements available in .pdf format, video of the full hearing available at the site, running time 1 hour 37 minutes). Note: The hearing begins at the 16:06 mark
A. “Can We Increase Retirement Saving?” by Steve A. Sass (IB No. 16-15, September 2016, .pdf format, 10p.).
crr.bc.edu/briefs/can-we-increase-retirement-saving/
B. “Does Socioeconomic Status Lead People to Retire Too Soon?” by Alicia H. Munnell, Anthony Webb and Anqi Chen (IB No. 16-14, August 2016, .pdf format, 11p.).
crr.bc.edu/briefs/does-socioeconomic-status-lead-people-to-retire-too-soon/
EBRI Notes (Vol. 37, No. 9, August 2016, .pdf format). The title article of this issue is: “Reducing Retirement Savings Leakage.”
www.ebri.org/publications/notes/index.cfm?fa=notesDisp&content_id=3372
“How States Are Working to Address the Retirement Savings Challenge: Three Approaches,” (July 2016, .pdf and HTML format, 4p.).
Note: Free registration is required to access any content.
A. “Workplace-Linked Pensions for an Aging Demographic,” by Olivia S. Mitchell and John Piggott (WP2016-3, January 2016, .pdf format, 62p.).
Abstract:
Pensions and population aging intersect in two ways. First, demographic change threatens the sustainability of traditional pay-as-you-go social security pensions, leaving workplace-linked pensions with a greater role in retirement provision. Second, as the Baby Boom generation enters retirement, new challenges arise around its retirement support. This chapter reviews some of the implications of population aging for workplace pensions in this new environment, outlines market considerations important for workplace-related pension design for the future, and discusses how governments can create an environment supportive of workplace-related pensions, should they wish to do so. We conclude that workplace-linked retirement saving systems will be asked to do even more than in the past, given the financial stress that pay-as-you-go government-run Social Security plans are confronting in the face of an aging demographic. This will require further product innovation and additional research.
www.pensionresearchcouncil.org/publications/document.php?file=1341
B. “Employee Financial Literacy and Retirement Plan Behavior: A Case Study,” by Robert Clark, Annamaria Lusardi, and Olivia S. Mitchell (WP2016-2, June 2016, .pdf format, 31p.).
Abstract:
This paper uses administrative data on all active employees of the Federal Reserve System to examine participation in and contributions to the Thrift Saving Plan, the System’s defined contribution (DC) plan. We link to administrative records a unique employee survey of economic/demographic factors including a set of financial literacy questions. Not surprisingly, Federal Reserve employees are substantially more financially literate than the population at large. Most importantly, financially savvy employees are also most likely to participate in their DC plan. Sophisticated workers contribute three percentage points more of their earnings to the DC plan than do the less knowledgeable, and they hold more equity in their pension accounts. We examine changes in employee plan behavior one year after employees completed a Learning Module about retirement planning, and we compare it to baseline patterns. We find that those employees who completed the Learning Module were more likely to start contributing and less likely to have stopped contributing to the DC plan post-survey. In sum, employer-provided learning programs are shown to significantly impact employee retirement saving decisions and consistent with a lot of other research, higher levels of financial literacy is found to have a beneficial impact on retirement saving patterns.
www.pensionresearchcouncil.org/publications/document.php?file=1339
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