Optimal Savings for Retirement : The Role of Individual Accounts

Le Blanc, Julia; Scholl, Almuth

Optimal Savings for Retirement : The Role of Individual Accounts

Dateien

LeBlanc_1-8147852332ad461b4.pdfGröße: 331.62 KBDownloads: 430

Datum

2017

Autor:innen

Le Blanc, Julia

Scholl, Almuth

Open Access-Veröffentlichung

Open Access Green

Sammlungen

Wirtschaftswissenschaften

Publikationstyp

Zeitschriftenartikel

Publikationsstatus

Published

Erschienen in

Macroeconomic Dynamics. 2017, 21(06), pp. 1361-1388. ISSN 1365-1005. eISSN 1469-8056. Available under: doi: 10.1017/S1365100515000899

Zusammenfassung

We employ a life-cycle model with income risk to analyze how tax-deferred individual accounts affect households' savings for retirement. We consider voluntary accounts as opposed to mandatory accounts with minimum contribution rates. We contrast add-on accounts with carve-out accounts that partly replace social security contributions. Quantitative results suggest that making add-on accounts mandatory has adverse welfare effects across income groups. Carve-out accounts generate positive welfare effects across all income groups, but gains are lower for low income earners. Default investment rules in individual accounts have a modest impact on welfare.

Fachgebiet (DDC)

330 Wirtschaft

Zitieren

ISO 690

LE BLANC, Julia, Almuth SCHOLL, 2017. Optimal Savings for Retirement : The Role of Individual Accounts. In: Macroeconomic Dynamics. 2017, 21(06), pp. 1361-1388. ISSN 1365-1005. eISSN 1469-8056. Available under: doi: 10.1017/S1365100515000899

BibTex

@article{LeBlanc2017-09Optim-36985,
  year={2017},
  doi={10.1017/S1365100515000899},
  title={Optimal Savings for Retirement : The Role of Individual Accounts},
  number={06},
  volume={21},
  issn={1365-1005},
  journal={Macroeconomic Dynamics},
  pages={1361--1388},
  author={Le Blanc, Julia and Scholl, Almuth}
}

RDF

<rdf:RDF
    xmlns:dcterms="http://purl.org/dc/terms/"
    xmlns:dc="http://purl.org/dc/elements/1.1/"
    xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#"
    xmlns:bibo="http://purl.org/ontology/bibo/"
    xmlns:dspace="http://digital-repositories.org/ontologies/dspace/0.1.0#"
    xmlns:foaf="http://xmlns.com/foaf/0.1/"
    xmlns:void="http://rdfs.org/ns/void#"
    xmlns:xsd="http://www.w3.org/2001/XMLSchema#" > 
  <rdf:Description rdf:about="https://kops.uni-konstanz.de/server/rdf/resource/123456789/36985">
    <dcterms:isPartOf rdf:resource="https://kops.uni-konstanz.de/server/rdf/resource/123456789/46"/>
    <dcterms:hasPart rdf:resource="https://kops.uni-konstanz.de/bitstream/123456789/36985/1/LeBlanc_1-8147852332ad461b4.pdf"/>
    <dc:creator>Le Blanc, Julia</dc:creator>
    <dc:date rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2017-01-30T14:13:12Z</dc:date>
    <dc:creator>Scholl, Almuth</dc:creator>
    <dspace:isPartOfCollection rdf:resource="https://kops.uni-konstanz.de/server/rdf/resource/123456789/46"/>
    <dspace:hasBitstream rdf:resource="https://kops.uni-konstanz.de/bitstream/123456789/36985/1/LeBlanc_1-8147852332ad461b4.pdf"/>
    <foaf:homepage rdf:resource="http://localhost:8080/"/>
    <bibo:uri rdf:resource="https://kops.uni-konstanz.de/handle/123456789/36985"/>
    <dcterms:abstract xml:lang="eng">We employ a life-cycle model with income risk to analyze how tax-deferred individual accounts affect households' savings for retirement. We consider voluntary accounts as opposed to mandatory accounts with minimum contribution rates. We contrast add-on accounts with carve-out accounts that partly replace social security contributions. Quantitative results suggest that making add-on accounts mandatory has adverse welfare effects across income groups. Carve-out accounts generate positive welfare effects across all income groups, but gains are lower for low income earners. Default investment rules in individual accounts have a modest impact on welfare.</dcterms:abstract>
    <dcterms:rights rdf:resource="https://rightsstatements.org/page/InC/1.0/"/>
    <dc:contributor>Le Blanc, Julia</dc:contributor>
    <dcterms:title>Optimal Savings for Retirement : The Role of Individual Accounts</dcterms:title>
    <dc:contributor>Scholl, Almuth</dc:contributor>
    <dc:language>eng</dc:language>
    <dcterms:available rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2017-01-30T14:13:12Z</dcterms:available>
    <dcterms:issued>2017-09</dcterms:issued>
    <void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/>
    <dc:rights>terms-of-use</dc:rights>
  </rdf:Description>
</rdf:RDF>

Universitätsbibliographie

Ja