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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
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Binswanger, Johannes | | en_US |
| dc.contributor.author | | Schunk, Daniel | | en_US |
| dc.date.accessioned | | 2010-01-27 | | en_US |
| dc.date.accessioned | | 2010-05-14T08:22:49Z | | - |
| dc.date.available | | 2010-05-14T08:22:49Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/30578 | | - |
| dc.description.abstract | | Many 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.iso | | eng | | en_US |
| dc.publisher | | CESifo München | | en_US |
| dc.relation.ispartofseries | | CESifo working paper 2893 | | en_US |
| dc.subject.jel | | D91 | | en_US |
| dc.subject.jel | | H55 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | life cycle preferences | | en_US |
| dc.subject.keyword | | pension reform | | en_US |
| dc.subject.keyword | | replacement rates | | en_US |
| dc.subject.keyword | | retirement saving | | en_US |
| dc.subject.keyword | | cross-country survey studies | | en_US |
| dc.title | | What is an adequate standard of living during retirement? | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 617262659 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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