In order to study whether public pension systems displace private saving, we use the quasiexperimental variation in pension wealth created by Poland's 1999 pension reform. Using the 1997-2003 Polish Household Budget Surveys, we begin by estimating "difference-indifferences" regressions, where we...

In order to study whether public pension systems displace private saving, we use the quasi-experimental variation in pension wealth created by Poland's 1999 pension reform. Using the 1997-2003 Polish Household Budget Surveys, we begin by estimating “difference-in-differences” regressions,...