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This paper analyzes private retirement savings, the amount for German individuals and how these savings are influenced … investigated how the Big-Five and the Locus of Control influence the decision to have private retirement savings, and the estimated … probability to have such savings. Extraversion also positively effects the size of retirement related savings as does having an …
Persistent link: https://www.econbiz.de/10011527294
This paper analyzes private retirement savings, the amount for German individuals and how these savings are influenced … investigated how the Big-Five and the Locus of Control influence the decision to have private retirement savings, and the estimated … probability to have such savings. Extraversion also positively effects the size of retirement related savings as does having an …
Persistent link: https://www.econbiz.de/10011538182
This paper analyzes private retirement savings, the amount for German individuals and how these savings are influenced … investigated how the Big-Five and the Locus of Control influence the decision to have private retirement savings, and the estimated … probability to have such savings. Extraversion also positively effects the size of retirement related savings as does having an …
Persistent link: https://www.econbiz.de/10012983094
Using data from the Health and Retirement Study, we estimate reduced form retirement and wealth equations. The … retirement equation relates the probability of retiring to the quot;premium valuequot;, a forward looking measure of the future … simple models suggest that if the social security early retirement age were to be raised, more people would retire earlier …
Persistent link: https://www.econbiz.de/10012786844
In response to a widespread perception that households are undersaving for retirement, policymakers have proposed … expanding Social Security and establishing supplementary retirement saving plans run by state governments. But these proposals … take place against a background of record-high unfunded liabilities for government-run retirement programs. If government …
Persistent link: https://www.econbiz.de/10012946431
This paper specifies and estimates a structural dynamic stochastic model of the way individuals make retirement and … saving choices in an uncertain world, and applies that model to analyze the effects of the stock market bubble on retirement … behavior. The model includes individual variation both in retirement preferences and in time preferences. Estimates are based …
Persistent link: https://www.econbiz.de/10014093130
Dieses Papier analysiert den Zusammenhang zwischen individueller Kontrollüberzeugung ("locus of control") und Sparverhalten in Form von Vermögensakkumulation, Sparraten und Portfolio-Entscheidungen. Locus of control is ein psychologisches Konzept, welches die individuelle Überzeugung über...
Persistent link: https://www.econbiz.de/10010225093
This paper analyzes the relationship between individuals' locus of control and their savings behavior, i.e. wealth accumulation, savings rates, and portfolio choices. Locus of control is a psychological concept that captures individuals' beliefs about the controllability of life events and is a...
Persistent link: https://www.econbiz.de/10010228778
Persistent link: https://www.econbiz.de/10011635648
This study explored the psychological mechanisms that underlie the retirement planning and saving tendencies of Dutch … analysis models to identify the mechanisms that underlie perceived financial preparedness for retirement. Findings revealed … psychological and retirement planning constructs, but also in the robustness of the path models. These findings suggest that policy …
Persistent link: https://www.econbiz.de/10011349213