Pension Wealth and Household Savings: Tests of Robustness / Louis Dicks-Mireaux, Mervyn A. King.

Format:

Book

Author/Creator:

Dicks-Mireaux, Louis.

Contributor:

National Bureau of Economic Research.

King, Mervyn A.

Series:

Working Paper Series (National Bureau of Economic Research) no. w0962.

NBER working paper series no. w0962

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Pension Wealth and Household Savings

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1982.

Summary:

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.

Notes:

Print version record

August 1982.