Planning for Retirement? The Importance of Time Preferences

We conclude that patience induces individuals to engage in retirement planning and that patient individuals approach retirement with more ...

There is clear evidence that stated plans matter: planned retirement age is highly correlated with whether an individual has indeed retired and this.

Planning for Retirement? The Importance of Time Preferences | NBER

We explore how workers' characteristics and preferences are associated with planning and saving for retirement.

Planning for Retirement? The Importance of Time Preferences

Our results highlight the important role of time preferences in determining retirement planning and preparedness.

Planning for Retirement? The Importance of Time Preferences

The findings indicate that the way that individuals discount future consumption is associated with the extent of their retirement planning and ...

Planning for Retirement? The Importance of Time Preferences

By Robert L. Clark, Robert Hammond, Christelle Khalaf and Melinda Morrill; Abstract: Ensuring retirement income security is a priority for individuals, ...

Time Preference and Retirement Planning Strategies

Individual preferences may explain variation in retirement savings in a self-funded retirement system. One important preference is the weight placed on ...

Time preference and the importance of saving for retirement

Younger respondents who indicate a willingness to save and plan are far more likely to have greater wealth later in life (Hurst, 2003), and those who have ...

The Role of Time Preferences and Exponential-Growth - TIAA

As employer-sponsored savings vehicles, like 401(k)s, become a major source of retirement income for millions of Americans, personal biases can have an ...

Planning for Retirement? The Importance of Time Preferences

Planning for Retirement? The Importance of Time Preferences. Flag for USA NBER on June 8th 2017. Clark, Robert L, Hammond, Robert G, Khalaf, Christelle and ...

Time Preference and the Importance of Saving for Retirement

In multivariate models, a factor of intertemporal preventive health behaviors is a stronger predictor of the importance of saving for retirement ...

Time Preference and the Importance of Saving for Retirement

Younger respondents who indicate a willingness to save and plan are far more likely to have greater wealth later in life (Hurst, 2003), and those who have ...

RESEARCH DIALOGUE - TIAA

THE ROLE OF TIME PREFERENCES AND EXPONENTIAL- ... The extant literature on time preferences and retirement savings has measured the relationship in indirect ways.

Pension Participation: Do Parents Transmit Time Preference? - PMC

A distinguishing feature of our model is that parental time preference is an important factor in determining the optimal level of investment in future oriented ...

Time inconsistency and retirement choice - ScienceDirect.com

Our findings may have practical implications. It has become fashionable to justify government intervention in household financial planning by pointing to time- ...

What's Your Time Preference? - by Russ Thornton

However, if you're 37 years old and you're consistently saving for your retirement in 20-25 years, your time preference for retirement planning ...

Journal of Economic Behavior & Organization Time Preference and ...

This study models the importance respondents place on saving for retirement as a function of time preference using a sample of 6812 undergraduate and ...

Inconsistent Retirement Timing - Journal of Human Resources

Inconsistent time preferences may lead to a decreasing planned retirement age with advancing age of the decision-maker. The rationale is an ...

Planning and Saving for Retirement Annamaria Lusardi Denit Trust ...

While it is hard to measure individual preferences, parameters such as the risk aversion coefficient or the rate of time preference play a pivotal role in many ...

Do Retirement Planning Strategies Alter the Effect of Time ...

An individual's willingness to accumulate retirement wealth is influenced by their preference for intertemporal consumption.