, the consumption function depends on expected pension benefits and pension risk. I estimate the savings equation implied by …. Exploiting exogenous variation due to pension fund performance, I show that savings decrease significantly with expected pension …

The so-called retirement-savings puzzle is a phenomenon by which, contrary to what the basic life-cycle model predicts … that attempts to solve the retirement-savings puzzle and, in addition, we review more extensively the literature on housing … Nakajima and Telyukova (2011), who find that homeownership interacts with the factors that explain the retirement-savings …

in real estate. In countries where retirement savings are not mandatory for self-employed, representatives of this group … often report this as an argument against making retirement savings compulsory. Our study shows that self-employed retirement … savings are low and below individually pre-stated saving intentions, even though this group has generally no occupational …

This paper analyses the impact of health, pension systems and longevity on savings. It uses a simple life-cycle model … savings. From this model, we derived an econometric specification, augmented with the effects of public budget balances. The … savings. In line with life-cycle theory, we found that longevity increases saving ratios …

Precautionary savings have often been analyzed with regard to its impact on current savings. This work focuses instead … on the impact of uncertainty on savings under bequest form. We thus turn the focus on estimating whether and to what … extent income variability does have an effect on post-mortem savings. We approximate the post-mortem savings with the closest …