The sustainable lifestyle level: How real salary increases affect adequate retirement provision

IF 1.2 4区经济学 Q3 BUSINESS, FINANCE

Investment Analysts Journal Pub Date : 2022-07-03 DOI:10.1080/10293523.2022.2087357

Elze-Mari Roux, J. de Villiers

引用次数: 0

Abstract

ABSTRACT This article studies the effect of real increases in salary on required contribution rates when saving for retirement to maintain a Sustainable Lifestyle Level (SLL). We consider two strategies. The first sets conventional contribution rates, recalculating whenever an increase occurs. This requires smaller initial contribution rates, which then need to be increased later in the employee’s working life. The second strategy requires that a constant contribution rate be maintained that allows for the anticipated increases. This rate requires a substantially higher contribution rate from the start. The result is particularly important for setting appropriate default contribution rates for defined contribution retirement funds.

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可持续的生活方式水平：实际工资增长如何影响充足的退休保障

摘要本文研究了为维持可持续生活水平(SLL)而进行退休储蓄时，工资实际增长对所需缴费率的影响。我们考虑两种策略。第一个设定了传统的缴费率，每当出现增长时就重新计算。这需要较小的初始供款率，然后在员工的工作生涯后期需要增加。第二种战略要求维持一个恒定的缴款率，以允许预期的增加。这个比率要求从一开始就有高得多的缴款率。这一结果对于为固定缴款退休基金设定合适的默认供款率尤为重要。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Investment Analysts Journal BUSINESS, FINANCE-

CiteScore

1.90

自引率

11.10%

发文量

期刊介绍： The Investment Analysts Journal is an international, peer-reviewed journal, publishing high-quality, original research three times a year. The journal publishes significant new research in finance and investments and seeks to establish a balance between theoretical and empirical studies. Papers written in any areas of finance, investment, accounting and economics will be considered for publication. All contributions are welcome but are subject to an objective selection procedure to ensure that published articles answer the criteria of scientific objectivity, importance and replicability. Readability and good writing style are important. No articles which have been published or are under review elsewhere will be considered. All submitted manuscripts are subject to initial appraisal by the Editor, and, if found suitable for further consideration, to peer review by independent, anonymous expert referees. All peer review is double blind and submission is via email. Accepted papers will then pass through originality checking software. The editors reserve the right to make the final decision with respect to publication.