We use recently collected retrospective survey data to estimate the displacement effect of pension wealth on household … savings. The third wave of the Survey of Health, Ageing and Retirement in Europe, SHARELIFE, collects information on the …

personal assets. In this paper, we investigate the relationship between financial literacy and household net worth, relying on … comprehensive measures of financial knowledge designed for a special module of the DNB (De Nederlandsche Bank) Household Survey. Our … savings plan has been shown to boost wealth. Overall, financial literacy, both directly and indirectly, is found to have a …

This paper analyses the impact of health, pension systems and longevity on savings. It uses a simple life-cycle model … embodying social transfers (health care and pension expenditures) and changes in longevity to determine the level of household … savings. From this model, we derived an econometric specification, augmented with the effects of public budget balances. The …

English Longitudinal Study of Aging, an optimal level of wealth is calculated for each household. This is then compared to the …

found for the reverse mortgage, as its product features allow for higher lump-sum payouts and provide downside protection …

form of owner housing and that housing enjoys a tax-favoured status relative to most other forms of consumption and savings … annuities are not available. This is because the possibility to annuitize financial savings increases the opportunity cost of …

important cause of policy uncertainty for households in the Netherlands: the possible limitation of the mortgage interest …

elderly in one such instrument, the reverse mortgage. We draw from a unique dataset, UniCredit's 2007 survey on household … savings, and use a discrete choice model (ordered probit) to perform our empirical analysis. Out of 1,200 respondents, roughly …