among the third of the affiliates with the lowest savings. However, we found that the recent increase in non …

pension wealth created by Poland's 1999 pension reform. Using the 1997-2003 Polish Household Budget Surveys, we begin by … estimating "difference-in-differences" regressions, where we compare household saving and expenditure across time and between … household saving. We also find heterogeneity in responses. For the middle-aged cohorts, we find a large public pension crowd …

pension wealth created by Poland's 1999 pension reform. Using the 1997–2003 Polish Household Budget Surveys, we begin by … estimating "difference-indifferences" regressions, where we compare household saving and expenditure across time and between … household saving. We also find heterogeneity in responses. For the middle-aged cohorts, we find a large public pension crowd …

in pension wealth induced by the reform. The estimates, which are based on the 1997-2003 Polish Household Budget Surveys …, show that 1 Polish zloty (PLN) less of pension wealth increases household saving by 0.3 PLN. Among highly …

automatically granted a more generous old-age pension benefits replacement rate, called the household replacement rate. Following a … adequacy measures. Specifically, we test whether the household replacement rate entails a work (dis)incentive mechanism … promoting (harming) pension sustainability and furthermore, we analyse the role of the household replacement rate in old …