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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/10011256396
retirement savings contributions and information search processes. We combine ideas from the literature in psychology and … economics that provide opposing predictions regarding the impact of uncertainty on retirement savings contributions. Our results … that individual's financial constraints. In particular, we find that uncertainty increases retirement contributions for …
Persistent link: https://www.econbiz.de/10011257076
increasingly important factor in the retirement decision. Therefore it is relevant to know whether workers with a different …
Persistent link: https://www.econbiz.de/10011256556
important to include a rich set of observed characteristics in an empirical model for retirement in order to measure the …
Persistent link: https://www.econbiz.de/10011256927
incentives matter for the retirement behavior of the self-employed. We also provide evidence of the self-employed not wanting to … retire as early as possible, and contrast these expectation data with realized retirement transitions. The overall picture …
Persistent link: https://www.econbiz.de/10011256137
A model is presented that explains the mix between funded and unfunded pension systems. It turns out that total pension and the relative shares of the two systems may be explained and are determined by the population growth rate, technological growth, the time-preference discount rate, the...
Persistent link: https://www.econbiz.de/10011257498
retirement schemes into less generous and actuarially fair capital funded schemes. The starting dates of the transitional … the policy reform on early retirement behaviour. We use a large administrative dataset, the Dutch Income Panel 1989 …-2000, to estimate hazard rate models for early retirement. We conclude that the policy reform induced workers to postpone early …
Persistent link: https://www.econbiz.de/10011256007
This paper uses micro data from four OECD countries (the United States, Spain, Italy, and the Netherlands), to assess the determinants of household debt holding and to investigate whether or not credit constraints are important for household debt holding. We extend the existing literature in...
Persistent link: https://www.econbiz.de/10011257319
cumulation. There are also limited precautionary motives for wealth accumulation when households experience income uncertainty. …
Persistent link: https://www.econbiz.de/10011255999
We estimate and explain the impact of early retirement of husbands on their wives’ probability to retire within one … approach in which the retirement choice of husbands is instrumented with eligibility rules for generous early retirement … benefits that were temporarily and unexpectedly available to them. We find that early retirement opportunities of husbands …
Persistent link: https://www.econbiz.de/10011256670