Seeking solutions to vulnerability in old age
Exploiting new data from a survey and behavioral experiment conducted in Peru we analyze individuals’ preferences for securing income in old age. We identify a group that is unrationed by the mandate to save in Peru’s pension system, and draw insights from their affiliation and contribution behavior...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
2005
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| Subjects: |
| _version_ | 1826288998740393984 |
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| author | Barr, A Packard, T |
| author_facet | Barr, A Packard, T |
| author_sort | Barr, A |
| collection | OXFORD |
| description | Exploiting new data from a survey and behavioral experiment conducted in Peru we analyze individuals’ preferences for securing income in old age. We identify a group that is unrationed by the mandate to save in Peru’s pension system, and draw insights from their affiliation and contribution behavior. Among the unrationed, those who are more tolerant of risk, have more children, and have a greater share of housing in their accumulated assets are less likely to affiliate and/or contribute to the formal pensions system. Further, the less risk tolerant choose private individual retirement accounts over a publicly administered pension system. |
| first_indexed | 2024-03-07T02:22:12Z |
| format | Working paper |
| id | oxford-uuid:a45423e0-92c2-4530-8331-65b7e30e7505 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T02:22:12Z |
| publishDate | 2005 |
| record_format | dspace |
| spelling | oxford-uuid:a45423e0-92c2-4530-8331-65b7e30e75052022-03-27T02:33:04ZSeeking solutions to vulnerability in old ageWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:a45423e0-92c2-4530-8331-65b7e30e7505EconomicsLatin AmericaAgeingFinancial economicsEnglishOxford University Research Archive - Valet2005Barr, APackard, TExploiting new data from a survey and behavioral experiment conducted in Peru we analyze individuals’ preferences for securing income in old age. We identify a group that is unrationed by the mandate to save in Peru’s pension system, and draw insights from their affiliation and contribution behavior. Among the unrationed, those who are more tolerant of risk, have more children, and have a greater share of housing in their accumulated assets are less likely to affiliate and/or contribute to the formal pensions system. Further, the less risk tolerant choose private individual retirement accounts over a publicly administered pension system. |
| spellingShingle | Economics Latin America Ageing Financial economics Barr, A Packard, T Seeking solutions to vulnerability in old age |
| title | Seeking solutions to vulnerability in old age |
| title_full | Seeking solutions to vulnerability in old age |
| title_fullStr | Seeking solutions to vulnerability in old age |
| title_full_unstemmed | Seeking solutions to vulnerability in old age |
| title_short | Seeking solutions to vulnerability in old age |
| title_sort | seeking solutions to vulnerability in old age |
| topic | Economics Latin America Ageing Financial economics |
| work_keys_str_mv | AT barra seekingsolutionstovulnerabilityinoldage AT packardt seekingsolutionstovulnerabilityinoldage |