Individuals are increasingly in charge of their own financial security after retirement. But how
well-equipped are individuals to make saving decisions; do they possess adequate financial …

Defaults often have a large influence on consumer decisions. We identify an overlooked but
practical alternative to defaults: requiring individuals to make explicit choices for themselves …

The purpose of this study is to explore the extent to which individuals' knowledge of
retirement planning, future time perspective, and financial risk tolerance influence retirement …

We identify employees at seven companies whose 401 (k) investment choices are
dominated because they are contributing less than the employer matching contribution …

In this paper, I examine the financial situation of older households. In addition, I examine
whether employers' initiatives to reduce planning costs via retirement seminars have an …

Many view the soon-to-retire Baby Boomers as woefully unprepared for their golden years,
while other economists have taken a more sanguine view of American levels of saving. And …

The importance of investment portfolio allocation has become more apparent since the
onset of the late 2000s Great Recession. Individual willingness to take financial risks affects …

Retirement counselors, financial service professionals, and retirement intervention
specialists routinely emphasize the importance of develo** clear goals for the future; …

The intertemporal optimization model, such as the life-cycle-permanent income model, has
been the basis for the work on savings. The basic implication of the model is that agents …

As the baby boom begins to withdraw from the labor force, ensuring a secure retirement
income becomes an increasingly important issue, the number of people over age 65 is …