directly translate in additional retirement savings. We show that the annuity stream generated by conventional and … unconventional accounts from age 65 onwards is small and that most savings are residual and are not being put aside for a specific … motive. Also self-employed retirement savings are low, even though this group has generally no occupational pension. …

. Precautionary savings account for about 30% of wealth accumulation. However we also claim that obtaining converging results does not … necessarily answer the question on the empirical relevance of precautionary savings, as the amounts being saved largely differ …