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 …

-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. …

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 …