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Financial behaviour of Dutch households: analysis of the DNB Household Survey 2003

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Author Info

  • P.J.A. van Els
  • W.A. van den End
  • M.C.J. van Rooij

Abstract

This paper presents an analysis of the financial behaviour of Dutch households on the basis of the DNB Household Survey. The results of this survey provide insight into the backgrounds and consequences of the persistent rise of household debt. The increase in mortgage debt is related to mortgage equity withdrawal. The financial vulnerability of households turns out to have increased, especially the sensitivity to interest rate movements. This contribution also looks into investors' response to the creeping crash on stock markets since 2000. While the majority have largely held on to their portfolios, they have become more cautious. One of the main themes of the survey is Dutch households' attitude towards pensions. The survey reveals that in a great many cases the individual's insight into his or her pension arrangement is deficient, to say the least. Regarding every retrenchment of the current schemes for the 65-plus as an infringement on acquired rights, the majority of the Dutch public is opposed to such measures. They would rather pay a higher premium in order to be able to enjoy the present level of pension benefits.

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Bibliographic Info

Paper provided by Netherlands Central Bank, Monetary and Economic Policy Department in its series MEB Series (discontinued) with number 2003-09.

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Date of creation: Oct 2003
Date of revision:
Handle: RePEc:dnb:mebser:2003-09

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Web page: http://www.dnb.nl/en/
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Related research

Keywords: financial vulnerability; surplus-value owner-occupied houses; retirement and pension arrangements;

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Cited by:
  1. Nataliya Barasinska & Dorothea Schäfer, 2013. "Is the Willingness to Take Financial Risk a Sex-Linked Trait?: Evidence from National Surveys of Household Finance," Discussion Papers of DIW Berlin 1278, DIW Berlin, German Institute for Economic Research.
  2. Prast, H.M. & Lelyveld, I. van, 2004. "New architectures in the regulation and supervision of financial markets and institutions: The Netherlands," Open Access publications from Tilburg University urn:nbn:nl:ui:12-4296154, Tilburg University.
  3. Guy Debelle, 2004. "Macroeconomic implications of rising household debt," BIS Working Papers 153, Bank for International Settlements.
  4. Ard den Reijer, 2006. "The Dutch business cycle: which indicators should we monitor?," DNB Working Papers 100, Netherlands Central Bank, Research Department.
  5. James B. Davies & Susanna Sandstrom & Anthony Shorrocks & Edward N. Wolff, 2009. "The Level and Distribution of Global Household Wealth," University of Western Ontario, Economic Policy Research Institute Working Papers 20091, University of Western Ontario, Economic Policy Research Institute.
  6. Lennard van Gelder & Ad Stokman, 2006. "Regime transplants in GDP growth forecasting: A recipe for better predictions?," DNB Working Papers 106, Netherlands Central Bank, Research Department.

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