Financial behaviour of Dutch households: analysis of the DNB Household Survey 2003
AbstractThis 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 InfoPaper provided by Netherlands Central Bank, Monetary and Economic Policy Department in its series MEB Series (discontinued) with number 2003-09.
Date of creation: Oct 2003
Date of revision:
financial vulnerability; surplus-value owner-occupied houses; retirement and pension arrangements;
Other versions of this item:
- P J A van Els & W A van den End & M C J van Rooij, 2005. "Financial behaviour of Dutch households: analysis of the DNB Household Survey 2003," BIS Papers chapters, in: Bank for International Settlements (ed.), Investigating the relationship between the financial and real economy, volume 22, pages 21-39 Bank for International Settlements.
- P.J.A. van Els & W.A. van den End & M.C.J. van Rooij, 2003. "Financial behaviour of dutch households: analysis of the dnb household survey 2003," WO Research Memoranda (discontinued) 744, Netherlands Central Bank, Research Department.
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-10-28 (All new papers)
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