savings plan has been shown to boost wealth. Overall, financial literacy, both directly and indirectly, is found to have a …

expected to hold less precautionary savings …

When it comes to estimating the benefits of long-term savings, many people rely on their intuition. Focusing on the … domain of retirement savings, we use a randomized experiment to explore people's intuition about how money accumulates over … time. We ask half of our sample to estimate future consumption given savings (the forward perspective). The other half of …

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 …

savings. The third wave of the Survey of Health, Ageing and Retirement in Europe, SHARELIFE, collects information on the … show the ability of the retrospective survey to generate cross-country differences in wages and pensions which are in line …

illiterate. Moreover, as expected, I found that financial literacy increases the probability of having a savings plan for …

I study the relationship between household saving and pensions, and estimate both the displacement effect of pensions …, the consumption function depends on expected pension benefits and pension risk. I estimate the savings equation implied by …. Exploiting exogenous variation due to pension fund performance, I show that savings decrease significantly with expected pension …