Measuring Dissaving Out of Retirement Wealth

Author(s):  
Paul A. Smith ◽  
David A. Love
Keyword(s):  



2003 ◽  
Author(s):  
Olivia S. Mitchell ◽  
John W.R. Phillips ◽  
Andrew Au ◽  
David McCarthy


2013 ◽  
Vol 13 (1) ◽  
pp. 62-87 ◽  
Author(s):  
MONICA PAIELLA ◽  
ANDREA TISENO

AbstractThis paper exploits a recent reform of private pension schemes in Italy to identify the impact on household saving of tax-favored retirement saving plans. The reform was part of the restructuring of the social security system and was aimed at rising private long-term saving by making pension funds more attractive and convenient. We control for unobserved saver heterogeneity and a central focus is on substitution across saving instruments. We find that the pension fund legislation had a strong effect on the allocation of saving and triggered substantial substitution of non-tax-favored non-retirement wealth for tax-favored pension funds. In contrast, we find that it had little, if any effect on household saving flows. Our findings also suggest that the provision of ‘closed’ pension funds might significantly affect the decision to invest in private retirement schemes.



Author(s):  
John Y. Campbell ◽  
Joaõ F. Cocco ◽  
Francisco J. Gomes ◽  
Pascal J. Maenhout
Keyword(s):  


Author(s):  
James M. Poterba ◽  
Steven F. Venti ◽  
David A. Wise


2007 ◽  
Vol 91 (10) ◽  
pp. 2062-2086 ◽  
Author(s):  
James Poterba ◽  
Joshua Rauh ◽  
Steven Venti ◽  
David Wise


2014 ◽  
Vol 5 (2) ◽  
pp. 331-350 ◽  
Author(s):  
Emma Aguila ◽  
Michael D. Hurd ◽  
Susann Rohwedder


2020 ◽  
Vol 194 ◽  
pp. 109382
Author(s):  
Steven Haider ◽  
Dajung Jun
Keyword(s):  


2007 ◽  
Vol 54 (1) ◽  
pp. 1-40 ◽  
Author(s):  
Edward N. Wolff


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