How does an environment of persistent low returns influence saving, investing andretirement behaviors?

A new paper from National Bureauof Economic Research explores how persistent low returnswould shape workers' and retirees' decision-making regarding accumulationand retirement patterns.

“Persistent low returns can compel workers to save more andinvest differently when allocating across stocks and bonds.Moreover, the low interest rate environment can also changeretirement decisions, especially regarding how long to work andwhen to claim Social Security benefits,” according to the paper,which was written by The Wharton School's Olivia Mitchell andGoethe University Frankfurt's Vanya Horneff and Raimond Maurer.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Emily Zulz

Emily joined the ThinkAdvisor team as a reporter in the summer of 2014. She previously worked as a reporter for The Daily Journal in Kankakee, Illinois for a year and as a reporter and editor for The Daily Eastern News in Charleston, Illinois for two and a half years. Prior to joining ThinkAdvisor, Emily worked on Groupon’s editorial team in Chicago as a fact checker for three years. She graduated cum laude with a BA in journalism from Eastern Illinois University, and she has been the recipient of two journalism awards for her news reporting at daily newspapers.