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 … cohort, time and sector variation in pension wealth induced by the reform. Our study focuses on saving behavior between ages …

We propose a unified framework to measure the effects of different reforms of the pension system on retirement ages and … retirement decisions are explicitly modeled within a public pension system. Heterogeneity with respect to consumption preferences … strongly influenced by numerous incentives produced by the pension system and macroeconomic variables, such as the statutory …

We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across … individuals and across countries, using a European harmonised wealth survey (HFCS) combined with estimates of pension wealth (OECD …). First, we find significant displacement effects of mandatory pension wealth on non-pension financial wealth at the mean, and …

, we exploit (early) retirement cutoffs by way of a regression discontinuity design. Several German pension reforms since …

, we exploit (early) retirement cutoffs by way of a regression discontinuity design. Several German pension reforms since …