Planning for Retirement? The Importance of Time Preferences

Abstract

for their help and support. An earlier draft of this paper was prepared for the 2014 SIEPR Conference on Working Longer and Retirement; the authors thank seminar participants for helpful comments. The authors also thank Olivia Mitchell and John Pencavel for helpful suggestions. The opinions and conclusions expressed herein are solely those of the authors and do not represent the opinions or policies of the North Carolina Retirement System or any other institution with which the authors are affiliated. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.

Preparação financeira para aposentadoria: análise multidimensional da percepção dos brasileiros

“…Diversos autores buscam investigar a preparação para aposentadoria em países como os Estados Unidos (Clark et al, 2019;Lusardi & Mitchell, 2011a), a Austrália (Burnett et al, 2018;Kopanidis et al, 2017), o Reino Unido (Platts et al, 2019), a Malásia (Tan & Singaravelloo, 2020) e a Turquia (Akben-Selcuk & Aydin, 2021). Tais estudos investigam como diversos fatores (conhecimento financeiro, planejamento financeiro, alfabetização financeira) influenciam as atitudes voltadas à preparação financeira para aposentadoria (Cupák et al, 2019;Seidl et al, 2021).…”

“…Em relação aos perfis sociodemográficos e econômicos, observaram-se diferenciações expressivas quanto à preparação e planejamento financeiro para aposentadoria que variam de acordo com o gênero, com ênfase negativa para as mulheres solteiras, com dependentes, sem residência própria e com baixa escolaridade (Kumar et al, 2019;Niu et al, 2020;Rai et al, 2019). Contrapondo-se, os homens possuem maior alfabetização financeira, consequentemente, possuem maior planejamento e preparação financeira para aposentadoria, independentemente de sua idade, estado civil, escolaridade e ocupação (Clark et al, 2019;De los Santos et al, 2020;Niu et al, 2020). Tais evidências refletem que as políticas públicas deverão ter como foco prioritário as mulheres, para que elas possam adquirir novas habilidades e confiança para poupar e investir (Yeh & Ling, 2022).…”

Gender, pensions and income in retirement

“…more patience) is associated with better financial outcomes. Using merged administrative and survey data for public sector workers in North Carolina, Clark et al (2017) examine how workers' characteristics and preferences are associated with planning and saving for retirement. They find that individuals' rates of time preference are associated with the extent of their retirement planning and preparedness.…”

The Aassociation Between the Basic Old-Age Pension and Depression of the Older Adults in Korea

“…However, an analysis of a non-contributory pension is advantageous because (1) we do not need to consider time preferences, unlike when analyzing contributory pension plans, and (2) a non-contributory pension is related to the issue of basic income. Time preferences influence participation in contributory pensions because people are required to sacrifice their present consumption to save for their future life [ 9 ]. Because economic burdens or insecurity may be a major source of psychological stress, the relationship between receiving a pension and changes in psychological status needs to be investigated.…”