NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Pension Wealth and Household Savings: Tests of Robustness

Louis Dicks-Mireaux, Mervyn A. King

NBER Working Paper No. 962
Issued in August 1982
NBER Program(s):   PE

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.

download in pdf format
   (327 K)

email paper

This paper is available as PDF (327 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w0962

Published: Dicks-Mireaux, Louis and Mervyn A. King. "Pension Wealth and Household Savings: Tests of Robustness." Journal of Public Economics, Vol. 23, No. 1, 1984, pp. 115-139.

Users who downloaded this paper also downloaded these:
King and Dicks-Mireaux w0614 Asset Holdings and the Life Cycle
Palme and Svensson w6137 Social Security, Occupational Pensions, and Retirement in Sweden
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us