Accelerated Retirement of Vehicles Accelerated Retirement of Vehicles

Does retirement education teach people to save pension distributions?

As defined contribution pension plans have become increasingly common over the past two decades, so have lump sum distributions from those plans. Employees who elect such a distribution take the balance of their pension account with them when they leave a job. They can then choose to maintain the funds in accounts designated for retirement, invest them in other saving vehicles, or spend them. I...

Designing a 401(k): A Case Study

Over the past decade or so, many private and publicly held companies have moved away from providing employees with company-funded pensions upon retirement to a retirement system that requires both employee and company contributions to fund an individual’s retirement. These so-called 401(k) retirement plans usually require the employee to choose among different investment vehicles, including mut...

Can Americans Afford to Retire? New Evidence on Retirement Saving Adequacy

Traditional mechanisms that spread mortality and longevity risk across a population group are increasingly being replaced by saving vehicles that leave this obligation in the hands of individual households. We explore the question of whether households are adequately saving for their future retirement by reviewing recent literature that examines household behavior in preparing for retirement – ...

Accelerated Evaluation of Automated Vehicles Using Piecewise Mixture Models

The process to certify highly Automated Vehicles has not yet been defined by any country in the world. Currently, companies test Automated Vehicles on public roads, which is time-consuming and inefficient. We proposed the Accelerated Evaluation concept, which uses a modified statistics of the surrounding vehicles and the Importance Sampling theory to reduce the evaluation time by several orders...

A quantitative model of accelerated vehicle-retirement induced by subsidy