Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/173245
Authors: 
Lachowska, Marta
Myck, Micha±
Year of Publication: 
2017
Series/Report no.: 
Upjohn Institute Working Paper 15-223
Abstract: 
This paper examines the degree of substitution between public pension wealth and private saving by studying Poland's 1999 pension reform. The analysis identifies the effect of pension wealth on private saving using cohort-by-time variation in pension wealth induced by the reform. The estimates, which are based on the 1997-2003 Polish Household Budget Surveys, show that 1 Polish zloty (PLN) less of pension wealth increases household saving by 0.3 PLN. Among highly-educated households, pension wealth and private saving appear to be close substitutes.
Subjects: 
Pension reforms
private saving
difference-in-differences
natural experiment
JEL: 
E21
H55
I38
P35
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size





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