Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/267995 
Erscheinungsjahr: 
2022
Schriftenreihe/Nr.: 
Working Paper No. WP 2022-40
Verlag: 
Federal Reserve Bank of Chicago, Chicago, IL
Zusammenfassung: 
We evaluate retirement savings adequacy using a large panel of U.S. workers with a 401(k) account. We model medical expenditures, longevity, investment risk, and the likelihood of withdrawals due to hardship, job separation, and reaching age 59 1/2. Based on their current account balances, income, saving, and investment behavior, three in four workers in our sample are not saving enough for retirement. The dispersion is related to plan features, account balances, but also worker saving behavior. A bequest motive, lower housing equity, higher risk aversion, lower discount rates or lower future returns worsen the shortfall. We examine various counterfactual policy interventions.
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