What is an adequate standard of living during retirement?
- Publication type:
- Journal article
- Metadata:
-
- Autoren
- Johannes Binswagner
- Daniel Schunk
- Sammlungen
- metadata
- ISSN
- 1474-7472
- Ausgabe der Veröffentlichung
- 2
- Zeitschrift
- Journal of pension economics and finance
- Schlüsselwörter
- 330 Wirtschaft
- 330 Economics
- Sprache
- eng
- Paginierung
- Seiten: 203 - 222
- Datum der Veröffentlichung
- 2012
- Herausgeber
- Cambridge Univ. Press
- Herausgeber URL
- http://dx.doi.org/10.1017/S1474747211000618
- Datum der Datenerfassung
- 2020
- Datum, an dem der Datensatz öffentlich gemacht wurde
- 2020
- Zugang
- Public
- Titel
- What is an adequate standard of living during retirement?
- Ausgabe der Zeitschrift
- 11
Data source: METADATA.UB
- Other metadata sources:
-
- Autoren
- Johannes Binswanger
- Daniel Schunk
- Autoren-URL
- https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=fis-test-1&SrcAuth=WosAPI&KeyUT=WOS:000300825700003&DestLinkType=FullRecord&DestApp=WOS_CPL
- DOI
- 10.1017/S1474747211000618
- eISSN
- 1475-3022
- Externe Identifier
- Clarivate Analytics Document Solution ID: 899ON
- ISSN
- 1474-7472
- Ausgabe der Veröffentlichung
- 2
- Zeitschrift
- JOURNAL OF PENSION ECONOMICS & FINANCE
- Schlüsselwörter
- Life cycle preferences
- pension reform
- replacement rates
- retirement saving
- cross-country survey studies
- Paginierung
- 203 - 222
- Datum der Veröffentlichung
- 2012
- Status
- Published
- Titel
- What is an adequate standard of living during Retirement?
- Sub types
- Article
- Ausgabe der Zeitschrift
- 11
Data source: Web of Science (Lite)
- Abstract
- <jats:title>Abstract</jats:title><jats:p>Many economists and policy-makers argue that households do not save enough to maintain an adequate standard of living during retirement. However, there is no consensus on the answer to the underlying question about what this standard should be, despite the fact that it is crucial for the design of saving incentives and pension systems. We address this question with a randomized survey design, individually tailored to each respondent's financial situation, and conducted both in the U.S. and The Netherlands. We find that adequate levels of retirement spending exceed 80% of working life spending for a majority of respondents. Minimum acceptable income replacement rates range from 95 to 45% across income quintiles in the U.S., and from 75 to 60% across income quintiles in The Netherlands. The smaller range in The Netherlands may in part reflect the much tighter income distribution there.</jats:p>
- Autoren
- JOHANNES BINSWANGER
- DANIEL SCHUNK
- DOI
- 10.1017/s1474747211000618
- eISSN
- 1475-3022
- ISSN
- 1474-7472
- Ausgabe der Veröffentlichung
- 2
- Zeitschrift
- Journal of Pension Economics and Finance
- Sprache
- en
- Online publication date
- 2011
- Paginierung
- 203 - 222
- Datum der Veröffentlichung
- 2012
- Status
- Published
- Herausgeber
- Cambridge University Press (CUP)
- Herausgeber URL
- http://dx.doi.org/10.1017/s1474747211000618
- Datum der Datenerfassung
- 2019
- Titel
- What is an adequate standard of living during Retirement?
- Ausgabe der Zeitschrift
- 11
Data source: Crossref
- Abstract
- Many economists and policy-makers argue that households do not save enough to maintain an adequate standard of living during retirement. However, there is no consensus on the answer to the underlying question about what this standard should be, despite the fact that it is crucial for the design of saving incentives and pension systems. We address this question with a randomized survey design, individually tailored to each respondent’s financial situation, and conducted both in the U.S. and the Netherlands. Key findings include the following. Adequate levels of retirement spending exceed 80 percent of working life spending for a majority of respondents. Minimum acceptable replacement rates depend strongly on income. Households in the Netherlands are much more risk averse than U.S. households.
- Autoren
- Johannes Binswanger
- Daniel Schunk
- Schlüsselwörter
- D910
- H550
- : life cycle preferences
- pension reform
- replacement rates
- retirement saving
- cross-country survey studies
- Artikelnummer
- 2893
- Datum der Veröffentlichung
- 2009
- Titel
- What is an Adequate Standard of Living during Retirement?
Data source: RePEc
- Beziehungen:
- Property of