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The Saving Behaviour of Two Person Households: Evidence from Dutch Panel Data


  • Euwals, Rob

    () (CPB Netherlands Bureau for Economic Policy Analysis)

  • Börsch-Supan, Axel H.

    () (University of Mannheim)

  • Eymann, Angelika

    () (University of Mannheim)


As wives generally are younger than their husbands, and as they also have a higher life expectancy, wives generally have larger incentives to save for old age than their husbands. This paper analyses the household members’ attitudes towards saving for old age, and the relation with the household saving and portfolio choice behaviour. Based on a panel of two-person households (e.g. with a husband and a wife) from the Dutch CentER Savings Survey, we find that wives find saving for old age more important than their husbands. In a special high-income subsample we find that for this group the household members find saving for old age equally important. The major determinant of both household members’ attitudes is the husband’s mandatory pension rights. Both household members’ attitude relate to the probability of holding annuity and endowment insurances, while only the husband’s attitude relates to the probability of holding stocks. Concerning discretionary household wealth we find evidence for an impact of the husband’s attitude, but no evidence for an impact of the wife’s attitude.

Suggested Citation

  • Euwals, Rob & Börsch-Supan, Axel H. & Eymann, Angelika, 2000. "The Saving Behaviour of Two Person Households: Evidence from Dutch Panel Data," IZA Discussion Papers 238, Institute for the Study of Labor (IZA).
  • Handle: RePEc:iza:izadps:dp238

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    References listed on IDEAS

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    Cited by:

    1. Felix Freyland, 2005. "Household Composition and Savings: An Overview," MEA discussion paper series 05087, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    2. van Praag, Bernard M. S. & Ferrer-i-Carbonell, Ada, 2001. "Age-Differentiated QALY Losses," IZA Discussion Papers 314, Institute for the Study of Labor (IZA).
    3. Freyland, Felix, 2004. "Household composition and savings : an overview," Papers 04-69, Sonderforschungsbreich 504.
    4. Lundberg, Shelly & Startza, Richard & Stillman, Steven, 2003. "The retirement-consumption puzzle: a marital bargaining approach," Journal of Public Economics, Elsevier, vol. 87(5-6), pages 1199-1218, May.

    More about this item


    pensions; intra-household behaviour; Savings;

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • D19 - Microeconomics - - Household Behavior - - - Other
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making


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