directly translate in additional retirement savings. We show that the annuity stream generated by conventional and … motive. Also self-employed retirement savings are low, even though this group has generally no occupational pension … motives, such as saving for retirement, and saving behavior. Survey data show that many respondents save for retirement in …

same time, the distribution of wealth is widely dispersed and many workers arrive on the verge of retirement with few or no … from the equity premium. Second, financial literacy is positively related to retirement planning, and the development of a … savings plan has been shown to boost wealth. Overall, financial literacy, both directly and indirectly, is found to have a …

determinants of financial literacy and link financial literacy to retirement planning. Overall, the level of financial literacy is … illiterate. Moreover, as expected, I found that financial literacy increases the probability of having a savings plan for … retirement …

We study whether the retirement replacement rate influences households' saving behavior by using the RAND Health and … Retirement Study data file. We estimate quantile regressions with the ratio of wealth to permanent income as dependent variable …, and age dummies and the retirement replacement rate as main independent variables. Our paper is the first to explicitly …

important to include a rich set of observed characteristics in an empirical model for retirement in order to measure the … bias in the effect of net liquid wealth on retirement, but a small bias and a positive causal effect if net total wealth … (including housing equity and mortgage debt) is used. Both measures of wealth show a significant positive effect on retirement …

There is a common perception that households are under-saving for retirement - indeed this has motivated many recent … greater wealth than is necessary to maintain their living standards into and through retirement …

This paper assesses the impact of a dramatic reform of the Dutch pension system on mental health, savings behavior and … retirement expectations of workers nearing retirement age. The reform means that public sector workers born on January 1, 1950 or …

show that people who score higher on the financial literacy questions are also much more likely to plan for retirement …

We present new evidence on financial literacy and retirement preparation in the Netherlands based on two surveys … 2005 to 2010, significantly more individuals planned for their retirement in 2010. At the same time, employees …' expectations about the level of their pension income are high compared to what retirement plans may realistically provide. However …

financial literacy and retirement planning we develop an IV strategy by making use of regional variation in the financial … knowledge of peers. We find a positive impact of financial knowledge on retirement planning …