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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
Our Retirement In Their Hands: A User Perspective, Cotinne Cortese, David Aylward, John Glynn
Our Retirement In Their Hands: A User Perspective, Cotinne Cortese, David Aylward, John Glynn
John J Glynn
This research reports on the results of a survey of Australian retirees which provide information on attitudes surrounding financial planning advice before, at or after retirement. These results demonstrate that, despite government initiatives aimed at enhancing consumer confidence in the financial services market, most retirees continue to feel dissatisfied with, and lack confidence in, the services provided by their financial advisors. This suggests an increased role for financial planners to provide not only the additional information required under government policy, but also to provide information that is understandable and useful to the retirees that rely on it.
Retirement System Characteristics And Compensating Wage Differentials In The Public Sector, Ronald G. Ehrenberg
Retirement System Characteristics And Compensating Wage Differentials In The Public Sector, Ronald G. Ehrenberg
Ronald G. Ehrenberg
This paper presents evidence that a trade-off exists between wages and certain characteristics of retirement systems in the public sector. Cross-section econometric estimates for uniformed municipal employees, based upon data from two national surveys of municipalities, suggest that, other things equal, an increase in the contribution made by uniformed employees to their retirement system leads to a compensating increase in their salaries, while retirement systems with more "generous" characteristics are associated to some extent with lower salaries. The estimates also indicate that the extent of retirement system underfunding is related to employers' and employees' perceptions of the probability that promised …