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Measuring Saving Rates in New Zealand: An Update
Gorman, Emma; Scobie, Grant M; Paek, Yongjoon - 2013
sector, of the stock measure of savings (changes in net wealth). The latter estimates are found to be consistently greater … than the flow measures of household savings. Finally a series of adjustments are made to the flow measures of household and …
Persistent link: https://www.econbiz.de/10012115640
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Housing in the Household Portfolio and Implications for Retirement Saving: Some Initial Finding from SOFIE
Scobie, Grant; Le, Trinh; Gibson, John - 2007
Housing is an important sector of the economy. It has widespread implications for investment, banking, saving and employment. Home ownership has been linked to building social capital and a sense of community. Furthermore housing equity is a significant element of retirement accumulation for...
Persistent link: https://www.econbiz.de/10012115603
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A Simple Model of Tax-Favored Retirement Accounts
Simonovits, András - 2009
To defend myopic workers against themselves, the government introduces a mandatory system but to help savers, it adds tax-favored retirement accounts. In a very simple model, where benefits are proportional to contributions, we compare three extreme systems: (i) the pure mandatory system, (ii)...
Persistent link: https://www.econbiz.de/10010494401
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To Save or Save Not: Intergenerational Neutrality and the Expansion of New Zealand Superannuation
Coleman, Andrew - 2014
Increases in longevity mean the size of New Zealand's public retirement income programme, New Zealand Superannuation, will automatically expand unless the age of eligibility is increased. This paper analyses the consequences of expanding New Zealand Superannuation on a save-as-you-go basis...
Persistent link: https://www.econbiz.de/10012115669
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Saving Rates of New Zealanders: A Net Wealth Approach
Scobie, Grant M.; Henderson, Katherine - 2009
Reliable estimates of actual household saving rates in New Zealand have proved elusive as existing sources of data have in the past given disparate estimates, making it difficult to reach a consensus of the real rate of household saving. For the first time in New Zealand, however, longitudinal...
Persistent link: https://www.econbiz.de/10012115613
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KiwiSaver: An Initial Evaluation of the Impact on Retirement Saving
Law, David; Meehan, Lisa; Scobie, Grant M - 2011
KiwiSaver is a voluntary savings scheme aimed at increasing the retirement wealth of a target population. A critical … nature; and, having chosen to participate, the extent to which their attitudes and practices toward savings have been …. We find that members adjust their savings portfolio such that only about one third of the contributions they make to …
Persistent link: https://www.econbiz.de/10012115629
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KiwiSaver and the Accumulation of Net Wealth
Law, David; Scobie, Grant M - 2014
The objective of this paper is to analyse the extent to which membership of KiwiSaver has been associated with greater accumulations of net wealth. The paper utilises two linked sources of data which cover the period 2002 to 2010: Statistics New Zealand's Survey of Family, Income and Employment...
Persistent link: https://www.econbiz.de/10012115689
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The Effect of Public Pension Eligibility Age on Household Saving: Evidence from a New Zealand Natural Experiment
Talosaga, Talosaga; Vink, Mark - 2014
This paper examines the effect of the last increase in the eligibility age for New Zealand's public pension, New Zealand Superannuation, on household saving rates. The age of eligibility was increased progressively from 60 to 65 years old between 1992 and 2001, with little forewarning. Drawing...
Persistent link: https://www.econbiz.de/10012115688
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Aging, saving, and public pensions in Japan
Horioka, Charles Yuji; Suzuki, Wataru; Hatta, Tatsuo - 2007
We analyze the impact of population aging on Japan's household saving rate and on its public pension system and the impact of that system on Japan's household saving rate and obtain the following results: first, the age structure of Japan's population can explain the level of, and past and...
Persistent link: https://www.econbiz.de/10010332306
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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 … are drawn from the CentER Savings Survey, which consists of a representative and a highest-income-decile sample of Dutch … households. The survey contains rich information on house-hold wealth, pension rights and savings attitudes. A result of the …
Persistent link: https://www.econbiz.de/10010262338