Public pensions and private savings (Record no. 527859)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02194nam a22001577a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 240930b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | García-Miralles, Esteban and Leganza, Jonathan M. |
| 245 ## - TITLE STATEMENT | |
| Title | Public pensions and private savings |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | American Economic Journal: Economic Policy |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 16(2), May, 2024: p.366-405 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | This article examines the relationship between public pensions and private savings, focusing on how government-provided retirement benefits influence household saving behavior. The analysis considers whether public pensions crowd out private savings or complement them, with implications for long-term wealth accumulation and retirement security. By situating pensions within the broader framework of fiscal policy and social insurance, the study highlights the trade-offs between redistribution, savings incentives, and fiscal sustainability. The findings contribute to debates on pension system design, the adequacy of retirement income, and the role of public finance in shaping household economic decisions. How does the provision of public pension benefits impact private savings? We answer this question in the context of a Danish reform that increased social security eligibility ages. Using administrative data and a regression discontinuity design, we identify the causal effects of the policy on savings throughout the financial portfolio. We find increases in contributions to personal and employer-sponsored retirement accounts when delayed benefit eligibility induces extended employment. We argue that inertia—the continuation of previous savings behaviors—is a key mechanism, and we highlight how firm default contribution rate policies can mediate savings responses to social security reform.- Reproduced https://www.aeaweb.org/articles?id=10.1257/pol.20220019 |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Economics, Public Pensions, Private Savings, Retirement Security, Fiscal Policy, Household Behavior, Social Insurance, Wealth Accumulation, Pension Systems, Savings Substitution, Public Finance, Retirement Studies |
| 9 (RLIN) | 58953 |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | American Economic Journal: Economic Policy |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) | |
| Subject DIP | PUBLIC FINANCE |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2024-09-30 | 16(2), May, 2024: p.366-405 | AR133292 | 2024-09-30 | Articles |