NBER Retirement Research Center Paper No. NB 12-11
Issued in September 2012
---- Acknowledgements -----
We thank Christine Polek, Michael Puempel, and Gwendolyn Reynolds for excellent research assistance, and Karl Scholz and participants at the Aspen Conference on Economic Decision Making (September 2011) and the NBER Jackson Hole Conference on State and Local Pensions (August 2012) for helpful comments and suggestions. This research was supported by the U.S. Social Security Administration through grants to the RAND/Dartmouth/Wharton Financial Literacy Center and through grant #5 RRC08098400-04-00 to the National Bureau of Economic Research as part of the SSA Retirement Research Consortium, the TIAA-CREF Institute, and the National Institute on Aging (grants P01-AG005842 and R01-AG021650). The findings and conclusions expressed are solely those of the authors and do not represent the views of SSA, any agency of the Federal Government, or the NBER. The authors have, at various times in the last three years, been compensated to present academic research at events hosted by financial institutions that administer retirement savings plans. See the authors' websites for a complete list of outside activities.