Between goals and expectations. Essays on pensions and retirement
AbstractAbstract: This thesis looks at subjective ideas of individuals that are relevant to their retirement. The first chapter focuses on the relationship between expectations of the replacement rate of income at retirement and satisfaction with various aspects of one’s pension arrangements, such as the age at which one can retire and the level of pension income. Chapter two analyzes those same expectations and focuses on the way survey respondents answer such questions that ask them to think in terms of probabilities. For instance, respondents may round probabilities to the nearest multiple of five or ten percent. The third chapter investigates expectations held by individuals regarding their life expectancy. In particular, it proposes robust ways to analyze expectations that can take rounding into account. The penultimate chapter analyzes expenditure goals after retirement and combines those with forecasted pensions and current savings to assess whether the Dutch are sufficiently prepared to retire by their own standards. Finally, chapter five shows that participation in the household survey that elicited consumption goals after retirement changed the extent to which households saved during the year of the survey.
Download InfoIf 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.
Bibliographic InfoPaper provided by Tilburg University in its series Open Access publications from Tilburg University with number urn:nbn:nl:ui:12-5930485.
Date of creation: 2013
Date of revision:
Publication status: Published
Contact details of provider:
Web page: http://www.tilburguniversity.edu/
This paper has been announced in the following NEP Reports:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- van Santen, Peter & Alessie, Rob & Kalwij, Adriaan, 2012. "Probabilistic survey questions and incorrect answers: Retirement income replacement rates," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 82(1), pages 267-280.
- Bert Van Landeghem, 2012. "Panel Conditioning and Self-Reported Satisfaction: Evidence from International Panel Data and Repeated Cross-Sections," SOEPpapers on Multidisciplinary Panel Data Research 484, DIW Berlin, The German Socio-Economic Panel (SOEP).
- Zwane, A. P. & Zinman, J. & Van Dusen, E. & Pariente, W. & Null, C. & Miguel, E. & Kremer, Michael R. & Karlan, D. S. & Hornbeck, Richard A. & Gine, X. & Duflo, E. & Devoto, F. & Crepon, B. & Banerjee, 2011. "Being Surveyed Can Change Later Behavior and Related Parameter Estimates," Scholarly Articles 11339433, Harvard University Department of Economics.
- Train,Kenneth E., 2009.
"Discrete Choice Methods with Simulation,"
Cambridge Books, Cambridge University Press,
Cambridge University Press, number 9780521766555.
- Kenneth Train, 2003. "Discrete Choice Methods with Simulation," Online economics textbooks, SUNY-Oswego, Department of Economics, SUNY-Oswego, Department of Economics, number emetr2, Spring.
- Train,Kenneth E., 2009. "Discrete Choice Methods with Simulation," Cambridge Books, Cambridge University Press, Cambridge University Press, number 9780521747387.
- Victor Stango & Jonathan Zinman, 2011.
"Limited and varying consumer attention: evidence from shocks to the salience of bank overdraft fees,"
11-17, Federal Reserve Bank of Philadelphia.
- Victor Stango & Jonathan Zinman, 2011. "Limited and Varying Consumer Attention: Evidence from Shocks to the Salience of Bank Overdraft Fees," NBER Working Papers 17028, National Bureau of Economic Research, Inc.
- Jonathan Skinner, 2007.
"Are You Sure You're Saving Enough for Retirement?,"
NBER Working Papers
12981, National Bureau of Economic Research, Inc.
- Jonathan Skinner, 2007. "Are You Sure You're Saving Enough for Retirement?," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 21(3), pages 59-80, Summer.
- Bernard M.S. van Praag & P. Frijters & A. Ferrer-i-Carbonell, 2002.
"The Anatomy of Subjective Well-being,"
Tinbergen Institute Discussion Papers, Tinbergen Institute
02-022/3, Tinbergen Institute.
- van Praag, B. M. S. & Frijters, P. & Ferrer-i-Carbonell, A., 2003. "The anatomy of subjective well-being," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 51(1), pages 29-49, May.
- Basit Zafar, 2010.
"Can subjective expectations data be used in choice models? Evidence on cognitive biases,"
Staff Reports, Federal Reserve Bank of New York
454, Federal Reserve Bank of New York.
- Basit Zafar, 2011. "Can subjective expectations data be used in choice models? evidence on cognitive biases," Journal of Applied Econometrics, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 26(3), pages 520-544, 04.
- van Groezen, Bas & Kiiver, Hannah & Unger, Brigitte, 2009. "Explaining Europeans' preferences for pension provision," European Journal of Political Economy, Elsevier, Elsevier, vol. 25(2), pages 237-246, June.
- Smith, V. Kerry & Taylor, Donald H., Jr. & Sloan, Frank A., 2000.
"Longevity Expectations and Death: Can People Predict Their Own Demise?,"
Working Papers, Duke University, Department of Economics
00-15, Duke University, Department of Economics.
- V. Kerry Smith & Donald H. Taylor & Frank A. Sloan, 2001. "Longevity Expectations and Death: Can People Predict Their Own Demise?," American Economic Review, American Economic Association, American Economic Association, vol. 91(4), pages 1126-1134, September.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Economists Online Support).
If references are entirely missing, you can add them using this form.