Replication data for: Personal Retirement Accounts and Saving
Principal Investigator(s): View help for Principal Investigator(s) Emma Aguila
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| AEJPol-2008-0176_data | 12/07/2019 06:08:PM | ||
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text/plain | 14.6 KB | 12/07/2019 01:08:PM |
Project Citation:
Aguila, Emma. Replication data for: Personal Retirement Accounts and Saving. Nashville, TN: American Economic Association [publisher], 2011. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116537V1
Project Description
Summary:
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Aging populations are leading countries worldwide to social security reforms. Many countries are moving from pay-as-you-go to personal retirement account (PRA) systems because of their financial sustainability and positive impact on private savings. PRA systems boost private savings at a macro level by converting a government liability into financial wealth managed by private fund managers. However, at a
micro level, changes in retirement wealth affect individuals' saving and
consumption patterns through their working lives. Retirement wealth increased for lower-income workers after Mexico introduced PRAs, crowding out saving, increasing consumption, and offsetting some of the PRA effect on private savings. (JEL D14, E21, H55, J26, O16)
Scope of Project
JEL Classification:
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D14 Household Saving; Personal Finance
E21 Macroeconomics: Consumption; Saving; Wealth
H55 Social Security and Public Pensions
J26 Retirement; Retirement Policies
O16 Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
D14 Household Saving; Personal Finance
E21 Macroeconomics: Consumption; Saving; Wealth
H55 Social Security and Public Pensions
J26 Retirement; Retirement Policies
O16 Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
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