文章基本信息
- 标题：There's No Time Like the Present: The Cost of Delaying Retirement Saving
- 本地全文：下载
- 作者：David Blake ; Alistair Byrne ; Andrew Cairns 等
- 期刊名称：Discussion Paper / The Pensions Institute
- 印刷版ISSN：1367-580X
- 出版年度：2006
- 卷号：2006
- 页码：213-231
- 出版社：Pensions Institute
- 摘要：Many people delay joining a pension plan until well into their working lives. We use a stochastic
simulation model to show the cost of this delay in terms of the higher pension contributions that must
eventually be paid to ensure an adequate retirement income. We find the levels of contributions
required for individuals who start saving late are so high it is questionable whether they are affordable
for anyone not on a high income. We also analyze the cost in terms of reduced pension of an
interrupted labor market history, such as that experienced by someone who leaves work for a period
to bring up a family. © 2006 Academy of Financial Services. All rights reserved.
- 关键词：Retirement saving; Defined contribution; Stochastic simulation
