income. The goal of this paper is to test for the effect of mandatory pensions on discretionary household savings. The data … pensions have a significant negative impact on savings motives with respect to old age. Concerning the effect on household … are drawn from the CentER Savings Survey, which consists of a representative and a highest-income-decile sample of Dutch …

income. The goal of this paper is to test for the effect of mandatory pensions on discretionary household savings. The data … pensions have a significant negative impact on savings motives with respect to old age. Concerning the effect on household … are drawn from the CentER Savings Survey, which consists of a representative and a highest-income-decile sample of Dutch …

income. The goal of this paper is to test for the effect of mandatory pensions on discretionary household savings. The data … pensions have a significant negative impact on savings motives with respect to old age. Concerning the effect on household … are drawn from the CentER Savings Survey, which consists of a representative and a highest-income-decile sample of Dutch …

We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across … heterogeneity in the mean savings offset depending on age, risk attitudes and country. Third, the offset follows different patterns …

pensions and on a particular type of unfunded (PAYG) pension. Surprisingly little is known about the optimal split between … state the importance of PAYG pensions differs. We estimate how the optimal level of unfunded, state pensions depends on rate …

Nudges toward voluntary defined-contribution retirement savings have moved many non-savers into savings but have left … on evidence from the United States and other countries to advocate a retirement savings solution centered on a … paternalistic second layer of mandatory private defined-contribution savings accounts in a retirement savings pyramid, above the …