Income uncertainty and retirement savings in different pension systems: An experimental study

主讲人

Wiebke Szymczak

简介

<p>We develop a behaviorally informed model of dynamic consumption-saving decisions, and propose an experimental design to analyze how people&rsquo;s saving decisions vary across pension systems with one, two or three di˙erent saving mechanism that mimic common features of real-world pension systems. Although subjects fail to consume optimally across all systems, we find that a voluntary but binding savings product induces subjects to save more. In contrast, we find that obligatory contributions do not induce people to save more overall. Moreover, subjects perform worse when income is stochastic rather than constant, casting doubt on the empirical relevance of the precautionary savings motive. In line with this finding, risk aversion does not seem to have a significant e˙ect on savings, while better cognitive abilities lead to better savings decisions.</p>

时间

2019-03-21(Thursday)16:40-18:00

地点

N302, Econ Building

讲座语言

English

主办单位

厦门大学经济学院、王亚南经济研究院

承办单位

类型

系列讲座

联系人信息

主持人

Yun Wang

专题网站

专题

主讲人简介

<p>Postdoctoral Research Associate, Durham University (UK).</p> <p>Dr. Szymczak's CV:&nbsp;<a href="/Upload/File/2019/3/20190307115249245.pdf">Upload/File/2019/3/20190307115249245.pdf</a></p>

期数

高级经济学系列讲座19年春季学期第四讲(总第418讲)

主讲人: Wiebke Szymczak
主讲人简介:

Postdoctoral Research Associate, Durham University (UK).

Dr. Szymczak's CV: Upload/File/2019/3/20190307115249245.pdf

主持人: Yun Wang
简介:
系列讲座
时间: 2019-03-21(Thursday)16:40-18:00
地点: N302, Econ Building
期数: 高级经济学系列讲座19年春季学期第四讲(总第418讲)
主办单位: 厦门大学经济学院、王亚南经济研究院
类型: 系列讲座