While the importance of saving is widely accepted, our understanding on how to encourage people to save is still quite weak. We provide robust evidence of the effect of alternative parental teaching strategies on the propensity to save and the amount saved by their children during adulthood....

We study the effect of alternative parental teaching strategies on the propensity to save and the amount saved during adulthood. Using a panel dataset from the Dutch DNB Household Survey we find that parental teaching to save increases the likelihood that an adult will save by 16%, and the...

We study the relationship between saving choices and a key psychological characteristic such as locus of control using data from a longitudinal survey representative of the Dutch population. Locus of control measures the extent to which individuals perceive their life outcomes to be determined...