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This paper uses two decades of individual level information from Danish administrative registers to show that a 1-dollar increase in pension wealth leads to a 26-cent rise in total debt. We exploit time-sector variation in mandatory pension contribution rates to isolate the effect of pension...
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Household debt among older Americans approaching retirement has increased dramatically over the past couple of decades … household survey data to examine how late life debt affects retirement decisions, we find that more indebted older adults are …
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the interrelationship between public pension schemes and household savings based on Pearson's correlation coefficients. In … European Union (EU). It focuses on the relationship between the quality of domestic public pension schemes and household … savings for old age in the EU member and candidate countries. The study was conducted in two stages. The first stage examined …
Persistent link: https://www.econbiz.de/10014529552
additional private savings to cover the old age income gap. In this paper we discuss the necessity, the role and the viability of … data from the Eurosystem Household Finance and Consumption Survey (HFCS) to analyse the household's wealth composition and … amount of home equity that is expected to be released over a 10-year period through regular monthly mortgage payments. We …
Persistent link: https://www.econbiz.de/10012120692
-As-You-Go (PAYG) social security, and the mix ofPAYG and savings for retirement provision in a small open economy. It shows that … paper also provides acondition for partial displacement of savings by the PAYG, which is in line with vastempirical evidence. …
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