1 option
The Importance of Default Options for Retirement Savings Outcomes: Evidence from the United States / John Beshears, James J. Choi, David Laibson, Brigitte C. Madrian.
- Format:
- Book
- Author/Creator:
- Beshears, John.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w12009.
- NBER working paper series no. w12009
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- The Importance of Default Options for Retirement Savings Outcomes
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2006.
- Summary:
- This paper summarizes the empirical evidence on how defaults impact retirement savings outcomes. After outlining the salient features of the various sources of retirement income in the U.S., the paper presents the empirical evidence on how defaults impact retirement savings outcomes at all stages of the savings lifecycle, including savings plan participation, savings rates, asset allocation, and post-retirement savings distributions. The paper then discusses why defaults have such a tremendous impact on savings outcomes. The paper concludes with a discussion of the role of public policy towards retirement saving when defaults matter.
- Notes:
- Print version record
- February 2006.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.