| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21168 |
| 来源ID | Working Paper 21168 |
| Liquidity in Retirement Savings Systems: An International Comparison | |
| John Beshears; James J. Choi; Joshua Hurwitz; David Laibson; Brigitte C. Madrian | |
| 发表日期 | 2015-05-18 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | What is the socially optimal level of liquidity in a retirement savings system? Liquid retirement savings are desirable because liquidity enables agents to flexibly respond to pre-retirement events that raise the marginal utility of consumption. On the other hand, pre-retirement liquidity is undesirable when it leads to under-saving arising from, for example, planning mistakes or self-control problems. This paper compares the liquidity that six developed economies have built into their employer-based defined contribution (DC) retirement savings systems. We find that all of them, with the sole exception of the United States, have made their DC systems overwhelmingly illiquid before age 55. |
| 主题 | Microeconomics ; Households and Firms ; International Economics ; Globalization and International Relations ; Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w21168 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578843 |
| 推荐引用方式 GB/T 7714 | John Beshears,James J. Choi,Joshua Hurwitz,et al. Liquidity in Retirement Savings Systems: An International Comparison. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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