TY  - JOUR
AU  - Dicks-Mireaux,Louis
AU  - King,Mervyn A.
TI  - Pension Wealth and Household Savings: Tests of Robustness
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 962
PY  - 1982
Y2  - August 1982
UR  - http://www.nber.org/papers/w0962
L1  - http://www.nber.org/papers/w0962.pdf
N1  - Author contact info:
Louis Dicks-Mireaux

Mervyn A. King
Governor
Bank of England
Threadneedle Street
London EC2R 8AH
 UNITED KINGDOM
Tel: 44-20-7601-4963
Fax: 44-20-7601-4953
E-Mail: mervyn.king@bankofengland.co.uk
AB  - 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.
ER  -