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Pensions and household savings: cross-country heterogeneity in Europe
Gespeichert in:
| Personen und Körperschaften: | , , |
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| Titel: | Pensions and household savings: cross-country heterogeneity in Europe/ Anna d'Addio, Muriel Roger, Frédérique Savignac |
| Format: | E-Book |
| Sprache: | Englisch |
| veröffentlicht: |
Frankfurt am Main, Germany
European Central Bank
[2020]
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| Gesamtaufnahme: |
Europäische Zentralbank: Working paper series ; no 2372 (February 2020)
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| Quelle: | Verbunddaten SWB Lizenzfreie Online-Ressourcen |
| Zusammenfassung: | We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across individuals and across countries, using a European harmonised wealth survey (HFCS) combined with estimates of pension wealth (OECD). First, we find significant displacement effects of mandatory pension wealth on non-pension financial wealth at the mean, and a statistically significant crowd-out estimate on the probability of owning real estate property. Second, there is heterogeneity in the mean savings offset depending on age, risk attitudes and country. Third, the offset follows different patterns along the non-pension wealth distribution across countries. |
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| Umfang: | 1 Online-Ressource (circa 60 Seiten); Illustrationen |
| ISBN: |
9789289940153
9289940158 |
| DOI: | 10.2866/8052 |