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

References

• Alexander Forbes. (2020). Member watchTM executive summary. Retrieved from https://www.alexanderforbes.co.za/media-centre/member-watch
   Google Scholar
• Basu, S. (2005). Age banding: A model for planning retirement needs. Financial Counseling and Planning, 16(1), 29–36.
   Google Scholar
• Benartzi, S., & Thaler, R. H. (2013). Economics. Behavioral economics and the retirement savings crisis. Science, 339, 1152–1153. https://doi.org/10.1126/science.1231320
   PubMed Web of Science ®Google Scholar
• Botha, M., Geach, W., Goodall, B., du Preez, L., Rabenowitz, P., & Rossini, L. (2021). South African Financial Planning Handbook. Johannesburg: LexisNexis.
   Google Scholar
• Choi, J. J., Laibson, D., Madrian, B. C., & Metrick, A. (2004). For better or for worse: Default effects and 401(k) savings behavior. In D. A. Wise (Ed.), Perspectives on the economics of aging (pp. 81–126). University of Chicago Press. https://doi.org/10.7208/chicago/9780226903286.003.0003
   Google Scholar
• De Villiers, J. U., & Roux, E. (2019). Reframing the retirement saving challenge: Getting to a sustainable lifestyle level. Financial Counseling and Planning, 30(2), 277–288. https://doi.org/10.1891/1052-3073.30.2.277
   Web of Science ®Google Scholar
• Guo, T., & Finke, M. (2018). Are defined contribution plans a commitment device? Financial Counseling and Planning, 29(2), 234–244. https://doi.org/10.1891/1052-3073.29.2.234
   Web of Science ®Google Scholar
• Hanna, S. D., Kim, K. T., & Chen, S. C. C. (2016). Retirement savings. In J. J. Xiao (Ed.), Handbook of Consumer Finance Research (2nd ed., pp. 33–43). Springer. https://doi.org/10.1007/978-3-319-28887-1_3
   Google Scholar
• Howard, J. A., & Yazdipour, R. (2014). Retirement planning: Contributions from the field of behavioral finance and economics. In H. K. Baker & V. Ricciardi (Eds.), Investor Behavior: The Psychology of Financial Planning and Investing (pp. 285–305). John Wiley & Sons. https://doi.org/10.1002/9781118813454.ch16
   Google Scholar
• Madrian, B. C., & Shea, D. F. (2001). The power of suggestion: Inertia in 401(k) participation and savings behavior. The Quarterly Journal of Economics, 116(4), 1149–1187. https://doi.org/10.1162/003355301753265543
   Web of Science ®Google Scholar
• Merton, R. C. (2014). The crisis in retirement planning. Harvard Business Review, 92(7/8), 1401–1408.
   Web of Science ®Google Scholar
• Munnell, A. H., Webb, A., & Golub-Sass, F. (2007). Is there really a retirement savings crisis? An NRRI analysis. Center for Retirement Research at Boston College.
   Google Scholar
• National Treasury. (2014). Press release: Statement on the impact of the proposed retirement reforms. Retrieved from http://www.treasury.gov.za/comm_media/press/2014/2014070901
   Google Scholar
• Olckers, M. (2021). On track for retirement? Journal of Economic Behavior & Organization, 190, 76–88. https://doi.org/10.1016/j.jebo.2021.07.028
   Web of Science ®Google Scholar
• Pfau, W. D. (2011). Safe savings rates: A new approach to retirement planning over the lifecycle. Journal of Financial Planning, 24(5), 1–23.
   Google Scholar
• Reyers, M. (2018). Perceptions of retirement adequacy: Evidence from South Africa. Financial Counseling and Planning, 29(2), 343–356. https://doi.org/10.1891/1052-3073.29.2.343
   Web of Science ®Google Scholar
• Rhee, N., & Boivie, I. (2015). The continuing retirement savings crisis. Washington, DC. Retrieved from http://www.controller.ca.gov/Files-EO/2013_sco_flac_retirement_savings_crisis_final_ https://doi.org/10.2139/ssrn.2785723
   Google Scholar
• Shefrin, H. (2002). Beyond Greed and Fear: Understanding behavioral finance and the psychology of investing. Oxford University Press. https://doi.org/10.1093/0195161211.001.0001
   Google Scholar
• Thaler, R. H., & Benartzi, S. (2004). Save more tomorrowTM: Using behavioral economics to increase employee saving. Journal of Political Economy, 112(S1), S164–S187. https://doi.org/10.1086/380085
   Web of Science ®Google Scholar
• Thaler, R. H., & Sunstein, C. R. (2008). Nudge: Improving decisions about health, wealth and happiness. Penguin Group.
   Google Scholar
• Thaler, R. H., Tversky, A., Kahneman, D., & Schwartz, A. (1997). The effect of myopia and loss aversion on risk taking: An experimental test. The Quarterly Journal of Economics, 112(2), 647–661. https://doi.org/10.1162/003355397555226
   Web of Science ®Google Scholar
• Yeske, D., & Buie, E. (2014). Policy-based financial planning: Decision rules for a changing world. In H. K. Baker & V. Ricciardi (Eds.), Investor behavior: The psychology of financial planning and investing (pp. 191–208). Minneapolis: John Wiley & Sons. https://doi.org/10.1002/9781118813454.ch11
   Google Scholar