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Mapping the minds of retirement planners
Hershey, Douglas A.; Henkens, Kène; Dalen, Hendrik P. van - 2006
This study explored the psychological mechanisms that underlie the retirement planning and saving tendencies of Dutch and American workers. Participants were 988 Dutch and 429 Americans, 25-64 years of age. Analyses were designed to: (a) examine the extent to which structural variables were...
Persistent link: https://www.econbiz.de/10011349213
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Interactions between financial incentives and health in the early retirement decision
Garcia-Gomez, Pilar; Galama, Titus J.; Van Doorslaer, Eddy - 2017
We present a theory of the relation between health and retirement that generates testable predictions regarding the interaction of health, wealth and financial incentives in retirement decisions. The theory predicts (i) that wealthier individuals (compared to poorer individuals) are more likely...
Persistent link: https://www.econbiz.de/10011648295
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The impact of wealth on job exit rates of elderly workers
Bloemen, Hans G. - 2007 - This version January 2007
the Netherlands in the period 1995 through 2001, we analyse the impact of wealth, savings, and debt position on job exit …
Persistent link: https://www.econbiz.de/10011350363
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Private wealth and job exit at older age : a random effects model
Bloemen, Hans G. - 2008 - This version March 2008
Private wealth holdings are likely to become an increasingly important determinant in the job exit decision of elderly workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore important to include a rich set of observed...
Persistent link: https://www.econbiz.de/10011374416
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How Financial Literacy and Impatience Shape Retirement Wealth and Investment Behaviors
Hastings, Justine S. - 2011
Two competing explanations for why consumers have trouble with financial decisions are gaining momentum. One is that people are financially illiterate since they lack understanding of simple economic concepts and cannot carry out computations such as computing compound interest, which could...
Persistent link: https://www.econbiz.de/10013130966
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Financial Literacy, Retirement Planning, and Household Wealth
van Rooij, Maarten - 2011
savings plan has been shown to boost wealth. Overall, financial literacy, both directly and indirectly, is found to have a …
Persistent link: https://www.econbiz.de/10013121050
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Financial Literacy, Retirement Preparation and Pension Expectations in the Netherlands
Alessie, Rob J. M. - 2011
We present new evidence on financial literacy and retirement preparation in the Netherlands based on two surveys conducted before and after the onset of the financial crisis. We document that while financial knowledge did not increase from 2005 to 2010, significantly more individuals planned for...
Persistent link: https://www.econbiz.de/10013124236
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Retirement choices in Italy : what an option value model tells us
Belloni, Michele; Alessie, Rob - 2010
Using Italian data, we estimate an option value model to quantify the effectof financial incentives on retirement choices. As far as we know, this isthe first empirical study to estimate the conditional multiple-years modelput forward by Stock and Wise (1990). This implies that we account...
Persistent link: https://www.econbiz.de/10011382043
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Disentangling retirement and savings responses
Lindeboom, Maarten; Montizaan, Raymond - 2020
of workers born in 1950 or later. At the same time, a tax-facilitated savings plan was introduced that implied a large … savings subsidy for all workers, irrespective of birth year. This paper uses linked administrative and survey data to assess … the effect of the reform on the savings and retirement expectations and realizations of two virtually identical male …
Persistent link: https://www.econbiz.de/10012427616
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Financial Literacy and Retirement Planning in Germany
Bucher-Koenen, Tabea - 2011
We examine financial literacy in Germany using data from the SAVE survey. We find that knowledge of basic financial concepts is lacking among women, the less educated, and those living in East Germany. In particular, those with low education and low income in East Germany have little financial...
Persistent link: https://www.econbiz.de/10013123985