Ageing and personal retirement savings plan participation with heterogeneity in preferences : the Portuguese case

Barros, Carlos Pestana and Caporale, Guglielmo Maria and Garcia, Maria Teresa Medeiros (2007) Ageing and personal retirement savings plan participation with heterogeneity in preferences : the Portuguese case. Centre for International Capital Markets discussion papers, 2007 (11). pp. 1-25. ISSN 1749-3412

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Abstract

This paper analyses the relationship between ageing and personal retirement savings plan participation in the Portuguese population, taking into account heterogeneity in preferences. A mixed logit model is used to analyse the determinants of retirement saving behaviour, allowing for heterogeneity in the responses. We find considerable heterogeneity among individuals (in terms of socio-economic variables such as age, gender and income), which must be taken into account by any policy aimed at changing retirement saving behaviour.

Item Type: Article
Uncontrolled Keywords: Centre for International Capital Markets discussion papers; CICM discussion papers; ageing; aging; saving; Portuguese personal retirement plans; Portugal
Subjects: 300 Social sciences > 330 Economics
Department: Guildhall School of Business and Law
Depositing User: Mary Burslem
Date Deposited: 23 Apr 2015 10:23
Last Modified: 23 Apr 2015 10:24
URI: http://repository.londonmet.ac.uk/id/eprint/495

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