Study Results from J. Le Blanc and Colleagues Update Understanding of Macroeconomics (Optimal Savings For Retirement: The Role Of Individual Accounts)
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Our news editors obtained a quote from the research, "We contrast add-on accounts with carve-out accounts that partly replace social security contributions. Quantitative results suggest that making add-on accounts mandatory has adverse welfare effects across income groups. Carve-out accounts generate positive welfare effects across all income groups, but gains are lower for low income earners."
According to the news editors, the research concluded: "Default investment rules in individual accounts have a modest impact on welfare."
For more information on this research see: Optimal Savings For Retirement: The Role Of Individual Accounts. Macroeconomic Dynamics, 2017;21(6):1361-1388. Macroeconomic Dynamics can be contacted at:
The news editors report that additional information may be obtained by contacting
The direct object identifier (DOI) for that additional information is: https://doi.org/10.1017/S1365100515000899. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.
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