income. The goal of this paper is to test for the effect of mandatory pensions on discretionary household savings. The data … pensions have a significant negative impact on savings motives with respect to old age. Concerning the effect on household … are drawn from the CentER Savings Survey, which consists of a representative and a highest-income-decile sample of Dutch …

effects of public pensions and credit rationing. These implications are not much affected by whether altruism is assumed or …

-Americans and Hispanics. Moreover, close to half of older workers do not know which type of pensions they have and the large …

consumption models, including a numerically solved precautionary savings model. We find that inter-country differences are …

percentage losses in retirement savings as a result of more frequent spells of unemployment. Higher income worker losses are more …

to evaluate the adequacy of retirement savings. We find first that the specification of the model's asset structure … higher-return tax-advantaged private pensions and in housing. Second, we find that only the most patient households achieve …