Attitudes with respect to risk bearing, self-control and impatience are potentially important determinants of a households' decision whether or not to hold a certain assets. They are, however, hard to measure. This paper acknowledges the endogeneity of common measures of risk attitudes and...

The Dutch mandatory pension system consists of two parts; a collective pay-as-you-go part which provides a minimum income to all Dutch inhabitants over age 64, and an occupation specific capital funded part which provides supplementary retirement income. Although the discretionary household...