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Erscheinungsjahr: 
2017
Schriftenreihe/Nr.: 
Upjohn Institute Working Paper No. 15-223
Versionsangabe: 
Revised: June 19, 2017
Verlag: 
W.E. Upjohn Institute for Employment Research, Kalamazoo, MI
Zusammenfassung: 
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.
Schlagwörter: 
Pension reforms
private saving
difference-in-differences
natural experiment
JEL: 
E21
H55
I38
P35
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

Datei(en):
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