Deciding how much to save for retirement is a difficult task that includes many uncertainties. In this paper, we use … retirement savings contributions and information search processes. We combine ideas from the literature in psychology and … economics that provide opposing predictions regarding the impact of uncertainty on retirement savings contributions. Our results …

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 …

rights over the pension funds’ wealth. The problem is best resolved by the introduction of generational accounts. Modern …

We explore the feasibility of a funded pension system with intergenerational risk sharing when participation in the … necessary to sustain a funded pension pillar and to let participants benefit from intergenerational risk sharing. …

of pension schemes on employees' propensity to change jobs. On January 1st 2004, the two largest pension funds in the … Netherlands, for civil servants and for the health care sector, changed their pension scheme from a final salary to an average … attractive pension scheme and the number of labour market transitions is driven by self-selection of workers into jobs with an …

Abstract In a pension system with uniform policies for contribution and accrual, each participant has the same … and more detailed information on the income distribution, calibrated on the Dutch funded pension system. We first use this … model to show that there is a substantial transfer of income from poor to wealthy participants under a pension scheme with …

When the financial positions of pension funds worsen, regulations prescribe that pension funds reduce the gap between … their assets (invested contributions) and their liabilities (accumulated pension promises). This paper quantifies the …-Keynesian model with a tractable demographic structure and, as a novelty, a flexible pension fund framework. Fund participants …