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
Data			11/15/2022 03:30:PM
Programs			04/03/2023 05:10:PM
README.pdf	application/pdf	129.4 KB	04/03/2023 12:51:PM

Project Citation:

Garcia-Miralles, Esteban, and Leganza, Jonathan M. Data and Code for: Public Pensions and Private Savings. Nashville, TN: American Economic Association [publisher], 2024. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2024-03-29. https://doi.org/10.3886/E182982V1

Project Description

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: social security; savings; pensions

JEL Classification:
      D14 Household Saving; Personal Finance
      H55 Social Security and Public Pensions
      J26 Retirement; Retirement Policies

Geographic Coverage: Denmark

Time Period(s): 2006 – 2018

Data Type(s): administrative records data

Related Publications

Download this project

Published Versions

V1 [2024-03-29]

Export Metadata

Dublin Core

DDI 2.5

Report a Problem

Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.

This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.