Data and Code for: Public Pensions and Private Savings

Principal Investigator(s):  View help for Principal Investigator(s) Esteban Garcia-Miralles, Bank of Spain, DG Economics, Statistics and Research; Jonathan M. Leganza, John E. Walker Department of Economics, Clemson University

Version:  View help for Version V1

Name File Type Size Last Modified
00-sas2stata.sas application/x-sas 1.1 KB 11/15/2022 10:31:AM
A0-build-small-inc-savings.do text/plain 1.8 KB 11/15/2022 10:31:AM
A1-build-base-panel.do text/plain 4.3 KB 11/15/2022 10:31:AM
A2-build-analysis-sample.do text/plain 12.3 KB 11/15/2022 10:31:AM
A3-build-monthly-data-claiming.do text/plain 2.9 KB 11/15/2022 10:31:AM
A4-build-monthly-data-retirement.do text/plain 3 KB 11/15/2022 10:31:AM
B1-analysis-bunching-retirement.do text/plain 2.9 KB 11/15/2022 10:31:AM
B2-analysis-bunching-claiming.do text/plain 4 KB 04/03/2023 01:10:PM
C1-summary-statistics.do text/plain 7.8 KB 11/15/2022 10:31:AM
C2-rd-checks.do text/plain 3.9 KB 11/15/2022 10:31:AM

Project Description

Summary:  View help for Summary
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.

Scope of Project

Subject Terms:  View help for Subject Terms social security; savings; pensions
JEL Classification:  View help for JEL Classification
      D14 Household Saving; Personal Finance
      H55 Social Security and Public Pensions
      J26 Retirement; Retirement Policies
Geographic Coverage:  View help for Geographic Coverage Denmark
Data Type(s):  View help for Data Type(s) administrative records data


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Published Versions

V1 [2024-03-29]

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