directly translate in additional retirement savings. We show that the annuity stream generated by conventional and … motive. Also self-employed retirement savings are low, even though this group has generally no occupational pension … motives, such as saving for retirement, and saving behavior. Survey data show that many respondents save for retirement in …

in real estate. In countries where retirement savings are not mandatory for self-employed, representatives of this group … often report this as an argument against making retirement savings compulsory. Our study shows that self-employed retirement … retirement savings, both for self-employed and employees. The (median) annuity stream generated by conventional and …

We present new evidence on financial literacy and retirement preparation in the Netherlands based on two surveys … 2005 to 2010, significantly more individuals planned for their retirement in 2010. At the same time, employees …' expectations about the level of their pension income are high compared to what retirement plans may realistically provide. However …

There is a common perception that households are under-saving for retirement - indeed this has motivated many recent … greater wealth than is necessary to maintain their living standards into and through retirement …

efficiency instead of long-run welfare, since the latter approach understates the dramatic savings distortions arising from means …

for house prices. When given a timing choice, the individual chooses to unlock home equity early in retirement. The …

Our study contributes to the financial literacy literature by examining its association with retirement planning in an … significantly and positively related to retirement planning using private pension funds and schemes. Residents in rural areas are … much more reliant on the public provision and invest less in private schemes and savings. The results of our study have a …

same time, the distribution of wealth is widely dispersed and many workers arrive on the verge of retirement with few or no … from the equity premium. Second, financial literacy is positively related to retirement planning, and the development of a … savings plan has been shown to boost wealth. Overall, financial literacy, both directly and indirectly, is found to have a …

We study whether the retirement replacement rate influences households' saving behavior by using the RAND Health and … Retirement Study data file. We estimate quantile regressions with the ratio of wealth to permanent income as dependent variable …, and age dummies and the retirement replacement rate as main independent variables. Our paper is the first to explicitly …

. Moreover, the more financially literate are also those most likely to plan for retirement. In fact, answering one additional … financial question correctly is associated with a 3-4 percentage point higher chance of planning for retirement in countries as … retirement planning. In sum, around the world, financial literacy is critical to retirement security …