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Pension Wealth and Household Savings: Tests of Robustness

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  • Louis Dicks-Mireaux
  • Mervyn A. King

Abstract

A substantial literature exists on the impact of pension schemes, both public and private, on the level of household saving. Yet there is no clear consensus on the impact of pensions on private saving. In this paper we show how beliefs about this displacement effect are modified by prior beliefs both about variables which ntight be relevant in an equation for private savings and about the magnitude of the displacement effect. Using data for 8,279 Canadian households, and estimates of pension wealth (both private and social security) which we construct for each household in the sample, the estimated displacement effects are found to be relatively robust with respect to both types of prior belief.

Suggested Citation

  • Louis Dicks-Mireaux & Mervyn A. King, 1982. "Pension Wealth and Household Savings: Tests of Robustness," NBER Working Papers 0962, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:0962
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    Cited by:

    1. Zhao, Weimin & Chen, Na, 2024. "Does old-age security promote rural residents' consumption? A decomposition based on contribution and replacement rates," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 817-830.
    2. repec:hal:spmain:info:hdl:2441/4aorppjfgr8v2prdh6fmd1kaik is not listed on IDEAS
    3. Lei He & Shuyi Zhou & Zilan Liu, 2020. "How is aggregate household consumption affected jointly by longevity, pension, and aging? Theory and evidence," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 67(4), pages 499-512, December.
    4. Céline Antonin, 2019. "The Links between Saving Rates, Income and Uncertainty: An Analysis based on the 2011 Household Budget Survey," Economie et Statistique / Economics and Statistics, Institut National de la Statistique et des Etudes Economiques (INSEE), issue 513, pages 47-68.
    5. Lei He & Shuyi Zhou & Zilan Liu, 0. "How is aggregate household consumption affected jointly by longevity, pension, and aging? Theory and evidence," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 0, pages 1-14.
    6. repec:spo:wpmain:info:hdl:2441/4aorppjfgr8v2prdh6fmd1kaik is not listed on IDEAS

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