Advanced Search
MyIDEAS: Login

What Are the Driving Forces of Individuals’ Retirement Savings?

Contents:

Author Info

Registered author(s):

    Abstract

    The purpose of this paper is to analyze what factors are driving the retirement savings of European individuals and whether there are marked differences in retirement preparation among a sample of European countries. Our evidence is based on a sample of 6,036 individuals from eight European countries. The results show that although the percentage of savers for retirement varies widely across countries, the driving forces of the decision to save for retirement are quite similar. Thus, this decision is positively related to individuals’ age, financial literacy, household income, and saving habit. In addition, the results suggest that country-level institutional factors also play a crucial role in an individual’s retirement attitudes.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://journal.fsv.cuni.cz/storage/1187_0015-1920---vol60y2010is3pp226-251.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by Charles University Prague, Faculty of Social Sciences in its journal Finance a uver - Czech Journal of Economics and Finance.

    Volume (Year): 60 (2010)
    Issue (Month): 3 (August)
    Pages: 226-251

    as in new window
    Handle: RePEc:fau:fauart:v:60:y:2010:i:3:p:226-251

    Contact details of provider:
    Postal: Opletalova 26, CZ-110 00 Prague
    Phone: +420 2 222112330
    Fax: +420 2 22112304
    Email:
    Web page: http://ies.fsv.cuni.cz/
    More information through EDIRC

    Related research

    Keywords: retirement savings; financial literacy; Europe;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:fau:fauart:v:60:y:2010:i:3:p:226-251. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lenka Herrmannova).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.