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 …

Since the early nineties, the Dutch tax system allows for a tax-favored form of risk free savings through employer …-sponsored savings plans (ESSPs). Under some conditions and up to a certain amount, the contributions to this planare tax-deductible, and … suggests that those who have access to this type of savings should participate inthem, provided they have some financial wealth …

effects of public pensions and credit rationing. These implications are not much affected by whether altruism is assumed or …

-Americans and Hispanics. Moreover, close to half of older workers do not know which type of pensions they have and the large …

consumption models, including a numerically solved precautionary savings model. We find that inter-country differences are …

savings plan has been shown to boost wealth. Overall, financial literacy, both directly and indirectly, is found to have a …

percentage losses in retirement savings as a result of more frequent spells of unemployment. Higher income worker losses are more …