the estimated displacement effect of pensions on private savings towards zero. …This paper investigates the relationship between household saving and pensions, and estimates both the displacement … effect of pensions on private saving and the precautionary saving effect due to uncertainty in pension income. I estimate the …

the estimated displacement effect of pensions on private savings towards zero …This paper investigates the relationship between household saving and pensions, and estimates both the displacement … effect of pensions on private saving and the precautionary saving effect due to uncertainty in pension income. I estimate the …

I study the relationship between household saving and pensions, and estimate both the displacement effect of pensions …, the consumption function depends on expected pension benefits and pension risk. I estimate the savings equation implied by …. Exploiting exogenous variation due to pension fund performance, I show that savings decrease significantly with expected pension …

Public pay-as-you-go pensions still form the dominant pillar of old-age provision in Germany. This is in marked …

Many countries in the developing world have implemented old-age pensions. Evidence of the impact of such policies on … of other household members and of household savings patterns as well as support for interventions aimed at improving the …