EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/30578
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorBinswanger, Johannesen_US
dc.contributor.authorSchunk, Danielen_US
dc.date.accessioned2010-01-27en_US
dc.date.accessioned2010-05-14T08:22:49Z-
dc.date.available2010-05-14T08:22:49Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/30578-
dc.description.abstractMany economists and policy-makers argue that households do not save enough to maintain an adequate standard of living during retirement. However, there is no consensus on the answer to the underlying question about what this standard should be, despite the fact that it is crucial for the design of saving incentives and pension systems. We address this question with a randomized survey design, individually tailored to each respondent’s financial situation, and conducted both in the U.S. and the Netherlands. Key findings include the following. Adequate levels of retirement spending exceed 80 percent of working life spending for a majority of respondents. Minimum acceptable replacement rates depend strongly on income. Households in the Netherlands are much more risk averse than U.S. households.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2893en_US
dc.subject.jelD91en_US
dc.subject.jelH55en_US
dc.subject.ddc330en_US
dc.subject.keywordlife cycle preferencesen_US
dc.subject.keywordpension reformen_US
dc.subject.keywordreplacement ratesen_US
dc.subject.keywordretirement savingen_US
dc.subject.keywordcross-country survey studiesen_US
dc.titleWhat is an adequate standard of living during retirement?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn617262659en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

Files in This Item:
File Description SizeFormat
617262659.pdf294.71 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.