Artikel
Myopic savings behaviour of future Polish pensioners
Low saving rates combined with low effective retirement age herald old-age poverty. This paper examines the preferred strategies of future Polish pensioners in order to sustain the standard of living in the future. A two-step approach is used: as a first-best strategy, we explore determinants of supplementary saving with binary logistic models; as a second-best strategy, we examine alternative options with principal component analysis. Future retirees rarely accumulate long-term savings, do not use dedicated instruments, and they start to save additionally far too late. Savings are concentrated in wealthier and better educated groups. Such myopia is governed by their political stance and not by awareness of dire prospects. Second-best strategies are based on optimistic assumptions about future health (seeking for additional jobs), on the assumed generosity of acquaintances or social institutions (relying on external assistance), or on rebelling. Given the increasing political power of elder generations, balancing the interests of workers and retirees will be an increasingly difficult task for policy makers.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Risks ; ISSN: 2227-9091 ; Volume: 9 ; Year: 2021 ; Issue: 2 ; Pages: 1-19 ; Basel: MDPI
- Klassifikation
-
Wirtschaft
- Thema
-
life-cycle saving
long-term saving
old-age
old-age poverty
pensions
saving
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Buchholtz, Sonia
Gąska, Jan
Góra, Marek
- Ereignis
-
Veröffentlichung
- (wer)
-
MDPI
- (wo)
-
Basel
- (wann)
-
2021
- DOI
-
doi:10.3390/risks9020036
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Buchholtz, Sonia
- Gąska, Jan
- Góra, Marek
- MDPI
Entstanden
- 2021
Ähnliche Objekte (12)
Legal aspects of "White-label" banking in the European, Polish and German law
Practice of non-financial reports assurance services in the Polish audit market: The range, limits and prospects for the future
The relations between dynamic capabilities and core competencies on the case of Polish companies
Financial literacy levels among Saudi citizens across budgeting, saving, investment, debt, and insurance dimensions
Mental time travel and retirement savings
Risk management in the management control system in polish local government units: Assumptions and practice
Connectedness between sectors: The case of the polish stock market before and during COVID-19
The impact of guarantees on the performance of pension saving schemes: Insights from the literature
Consumer behaviour towards organic products: The moderating role of environmental concern
The creative services sector in Polish cities
An ensemble classifier-based scoring model for predicting bankruptcy of Polish companies in the Podkarpackie Voivodeship
Nudges and networks: How to use behavioural economics to improve the life cycle savings-consumption balance
Legal aspects of "White-label" banking in the European, Polish and German law
Practice of non-financial reports assurance services in the Polish audit market: The range, limits and prospects for the future
The relations between dynamic capabilities and core competencies on the case of Polish companies
Financial literacy levels among Saudi citizens across budgeting, saving, investment, debt, and insurance dimensions
Mental time travel and retirement savings
Risk management in the management control system in polish local government units: Assumptions and practice
Connectedness between sectors: The case of the polish stock market before and during COVID-19
The impact of guarantees on the performance of pension saving schemes: Insights from the literature
Consumer behaviour towards organic products: The moderating role of environmental concern
The creative services sector in Polish cities
An ensemble classifier-based scoring model for predicting bankruptcy of Polish companies in the Podkarpackie Voivodeship
Nudges and networks: How to use behavioural economics to improve the life cycle savings-consumption balance
Legal aspects of "White-label" banking in the European, Polish and German law
Practice of non-financial reports assurance services in the Polish audit market: The range, limits and prospects for the future
The relations between dynamic capabilities and core competencies on the case of Polish companies
Financial literacy levels among Saudi citizens across budgeting, saving, investment, debt, and insurance dimensions
Mental time travel and retirement savings
Risk management in the management control system in polish local government units: Assumptions and practice
Connectedness between sectors: The case of the polish stock market before and during COVID-19
The impact of guarantees on the performance of pension saving schemes: Insights from the literature
Consumer behaviour towards organic products: The moderating role of environmental concern
The creative services sector in Polish cities
An ensemble classifier-based scoring model for predicting bankruptcy of Polish companies in the Podkarpackie Voivodeship