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Do Mandatory Pensions Decrease Household Savings? Evidence for the Netherlands

Euwals, Rob - 2000

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 …

Persistent link: https://www.econbiz.de/10010262338

Retaining through training: Even for older workers

Picchio, Matteo; van Ours, Jan C. - 2011

This paper investigates whether on-the-job training has an effect on the employability of workers. Using data from the Netherlands we disentangle the true effect of training incidence from the spurious one determined by unobserved individual heterogeneity. We also take into account that there...

Persistent link: https://www.econbiz.de/10010278680

US and European Household Debt and Credit Constraints

Crook, Jonathan; Hochguertel, Stefan - 2007

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

Persistent link: https://www.econbiz.de/10010325196

Financial literacy, retirement planning, and household wealth

van Rooij, Maarten; Lusardi, Annamaria; Alessie, Rob J. M. - 2011

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

Persistent link: https://www.econbiz.de/10010308580

Early retirement behaviour in the Netherlands: evidence from a policy reform

Euwals, Rob; van Vuuren, Daniel - 2006

In the early 1990s, the Dutch social partners agreed upon transforming the generous and actuarially unfair PAYG early retirement schemes into less generous and actuarially fair capital funded schemes. The starting dates of the transitional arrangements varied by industry sector. In this study,...

Persistent link: https://www.econbiz.de/10010277100

Financial literacy and stock market participation

van Rooij, Maarten; Lusardi, Annamaria; Alessie, Rob J. M. - 2007

Individuals are increasingly put in charge of their financial security after retirement. Moreover, the supply of complex financial products has increased considerably over the years. However, we still have little or no information about whether individuals have the financial knowledge and skills...

Persistent link: https://www.econbiz.de/10010298376

Saving and Habit Formation: Evidence from Dutch Panel Data

Alessie, Rob; Teppa, Federica - 2002

This paper focuses on the role of habit formation in individual preferencesover consumption and saving. We closely relate to Alessie and Lusardi's(1997) model as we estimate a model which is based on their closed-formsolution, where saving is expressed as a function of lagged saving and...

Persistent link: https://www.econbiz.de/10010324978

Private Wealth and Job Exit at Older Age: a Random Effects Model

Bloemen, Hans - 2008

Private wealth holdings are likely to become an increasingly important determinant in the job exit decision of elderly workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore important to include a rich set of observed...

Persistent link: https://www.econbiz.de/10010325943

Savings Adequacy Uncertainty: Driver or Obstacle to Increased Pension Contributions?

van Schie, Ron J.G.; Donkers, Bas; Dellaert, Benedict G.C. - 2012

data from a representative Dutch household panel to study the impact of uncertainty regarding one's savings adequacy on … 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 …

Persistent link: https://www.econbiz.de/10010326496

Money Doesn?t Buy Happiness ... Or Does It? : A Reconsideration Based on the Combined Effects of Wealth, Income and Consumption

Headey, Bruce; Muffels, Ruud; Wooden, Mark - 2004

The accepted view among psychologists and economists alike is that economic well-being has a statistically significant but only weak effect on happiness/subjective well-being (SWB). This view is based almost entirely on weak relationships with household income. The paper uses household economic...

Persistent link: https://www.econbiz.de/10010261968

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