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Saving and Habit Formation: Evidence from Dutch Panel Data

Alessie, Rob; Teppa, Federica - 2002

This paper focuses on the role of habit formation in individual preferencesover consumption and saving. We closely relate to Alessie and Lusardi's(1997) model as we estimate a model which is based on their closed-formsolution, where saving is expressed as a function of lagged saving and...

Persistent link: https://www.econbiz.de/10010324978

Interactions Between Financial Incentives and Health in the Early Retirement Decision

Garcia-Gomez, Pilar; Galama, Titus J.; van Doorslaer, Eddy - 2017

We present a theory of the relation between health and retirement that generates testable predictions regarding the interaction of health, wealth and financial incentives in retirement decisions. The theory predicts (i) that wealthier individuals (compared to poorer individuals) are more likely...

Persistent link: https://www.econbiz.de/10011662542

Optimal Sharing of Labor Productivity Risks and Mix of Pay-As-You-Go and Savings

Bilard, Debora Kusmerski - 2008

-As-You-Go (PAYG) social security, and the mix ofPAYG and savings for retirement provision in a small open economy. It shows that … paper also provides acondition for partial displacement of savings by the PAYG, which is in line with vastempirical evidence. …

Persistent link: https://www.econbiz.de/10010326022

House Prices, Second Mortgages and Household Savings; An Empirical Investigation for the Netherlands, 1987-1994

Rouwendal, Jan; Alessie, Rob - 2002

paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We …) the savings of renters that may be considered as would-beowners. We find a significant effect of home equity on the demand … for second mortgages.Savings of homeowners decrease when house prices accelerate. We find no evidence that inc …

Persistent link: https://www.econbiz.de/10010325002

Differentiating Indexation in Dutch Pension Funds

Beetsma, Roel; Bucciol, Alessandro - 2010

We investigate numerically how indexation of funded pensions for inflation can be differ-entiated across the various …

Persistent link: https://www.econbiz.de/10010325857

The Sustainability of the Pay-as-you-go System with Falling Birth Rates

van Praag, Bernard M.S.; Cardoso, Pedro - 2002

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/10010324743

Population Ageing and Pension Reform in a Small Open Economy with Non-Traded Goods

Bettendorf, Leon; Heijdra, Ben - 2005

In this paper we study the implications of population ageing in an economy with a sizeable non-traded goods sector. To this effect a highly stylized micro-founded macro model is constructed in which the age structure of the population plays a non-trivial role. The model distinguishes separate...

Persistent link: https://www.econbiz.de/10010325541

Savings Adequacy Uncertainty: Driver or Obstacle to Increased Pension Contributions?

van Schie, Ron J.G.; Donkers, Bas; Dellaert, Benedict G.C. - 2012

data from a representative Dutch household panel to study the impact of uncertainty regarding one's savings adequacy on … 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 …

Persistent link: https://www.econbiz.de/10010326496

Private Wealth and Job Exit at Older Age: a Random Effects Model

Bloemen, Hans - 2008

Private wealth holdings are likely to become an increasingly important determinant in the job exit decision of elderly workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore important to include a rich set of observed...

Persistent link: https://www.econbiz.de/10010325943

Pensions, Debt and Inflation Risk in a Monetary Union

Adema, Yvonne - 2010

-generations model, where one country has PAYG pensions and the other country has funded pensions. The paper shows that the PAYG country …

Persistent link: https://www.econbiz.de/10010326045

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