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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...
Persistent link: https://www.econbiz.de/10012229479
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
How does the provision of public pension benefits impact private savings? We answer this question in the context of a …, inconsistent with the notion that future differences in pension eligibility impact savings. Second, we show large savings responses … to other savings vehicles, such as bank or stock market accounts. Additional analyses point to inertia as a leading …
Persistent link: https://www.econbiz.de/10013238297
This paper examines the substitution between pension wealth and household saving by studying Norway's 2011 pension … reform. The analysis identifies the effect of reductions in social security pension generosity on household saving using … reform, which corresponds to a five-year increase in household saving of about 27,000 NOK. When taking into account the …
Persistent link: https://www.econbiz.de/10013370964
article uses data from the Spanish Survey of Household Finances to estimate the additional savings generated by this type of …The tax incentive enjoyed by workplace pension schemes could encourage participants to increase their total savings or …, alternatively, crowd out savings that would have materialised in other financial vehicles in the absence of this incentive. This …
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The role of employers in setting up and overseeing pension schemes offered to their employees and the quality of investment schemes offered to individual investors have attracted considerable attention in the finance literature. This paper adds to the debate by showing that institutional...
Persistent link: https://www.econbiz.de/10012902263