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Common terms and phrasesaccrual accumulation affect Andrew Samwick annuity asset allocation automatic enrollment balance basis points benchmark benefit formula bonds brake Bureau of Economic calculations certainty equivalent chapter choice cholesterol cohort contribution rate current system David Laibson DB benefits DB plans decile decline defined benefit defined contribution different distribution effects employees equity returns equity share estimate expected cost expected utility expense ratios Feldstein figure financial find findings firms first fixed flows guarantee higher households impact income increase individuals investment investment-based life-cycle funds lifetime match rate National Bureau NBER NDC system offer optimal option outcomes PAAWs PAYGO pension percent personal accounts personal retirement accounts portfolio PRAs profile projections rate of return real return reduce relative risk aversion Samwick savings plan significant simulations Social Security Administration Social Security benefits Social Security system specific stochastic stocks strategies SURS tax rates thirty-five tion TIPS traditional benefit workers Bibliographic information |