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decisions is a Pareto-equilibrium. Nowadays most of capital supply stems from individual and institutionalised pension savings …. For ease of exposition we will assume that individual and collective pension savings are the only source of capital supply …Pensions may be provided for in a modern society by several methods, viz., voluntary individual savings, mandatory …
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the effect of the reform on the savings and retirement expectations and realizations of two virtually identical male … 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 …
Persistent link: https://www.econbiz.de/10012427616
This study explored the psychological mechanisms that underlie the retirement planning and saving tendencies of Dutch … analysis models to identify the mechanisms that underlie perceived financial preparedness for retirement. Findings revealed … psychological and retirement planning constructs, but also in the robustness of the path models. These findings suggest that policy …
Persistent link: https://www.econbiz.de/10011349213
increasingly important factor in the retirement decision. Therefore it is relevant to know whether workers with a different … 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
important to include a rich set of observed characteristics in an empirical model for retirement in order to measure the …
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This paper focuses on the relation between worker's productivity and retirement decision. Assuming that productivity … worker buys an insurance, which gives a constant income and retirement benefits in exchange for the total output. The level … of income and benefits is set to maximize lifetime utility. In such framework we find the retirement threshold of …
Persistent link: https://www.econbiz.de/10011334338