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Pension wealth uncertainty

Recurso electrónico / electronic resource
MARC record
Tag12Value
LDR  00000cab a2200000 4500
001  MAP20140003594
003  MAP
005  20140206120034.0
008  140127e20131202esp|||p |0|||b|spa d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎40
1001 ‎$0‎MAPA20140001309‎$a‎Guiso, Luigi
24510‎$a‎Pension wealth uncertainty‎$c‎Luigi Guiso, Tullio Jappelli, Mario Padula
520  ‎$a‎Using a representative sample of Italian investors, we measure the uncertainty of social security benefits by eliciting for each individual the subjective distribution of the replacement rate as a summary indicator of pension uncertainty. We find that pension uncertainty varies across individuals in a way that is consistent with what one would expect a priori, given different information sets and pension schemes. In particular, individuals who are a long way from retirement, and thus face more career uncertainty, report more subjective pension uncertainty. Since expectations reveal information about people's understanding of pension reforms, our findings suggest that they should also be an important determinant of how people respond to reforms.
650 4‎$0‎MAPA20080552114‎$a‎Pensiones
650 4‎$0‎MAPA20080574062‎$a‎Tasa de retorno
650 4‎$0‎MAPA20080592455‎$a‎Planes de pensiones
650 4‎$0‎MAPA20080554927‎$a‎Jubilación
650 4‎$0‎MAPA20080565992‎$a‎Incertidumbre
650 4‎$0‎MAPA20080626181‎$a‎Reforma de la Seguridad Social
651 1‎$0‎MAPA20080637767‎$a‎Italia
7001 ‎$0‎MAPA20140001897‎$a‎Jappelli, Tullio
7001 ‎$0‎MAPA20140001903‎$a‎Padula, Mario
7730 ‎$w‎MAP20077000727‎$t‎The Journal of risk and insurance‎$d‎Nueva York : The American Risk and Insurance Association, 1964-‎$x‎0022-4367‎$g‎02/12/2013 Volumen 80 Número 4 - diciembre 2013 , p. 1057-1086