search query: @author Kool, C. J. M. / total: 2
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| Author: | Rooij, M. C. J. Kool, C. J. M. Prast, H. M. |
| Title: | Risk-return preferences in the pension domain: are people able to choose? |
| Journal: | Journal of Public Economics
2007 : APR, VOL. 91:3-4, p. 701-722 |
| Index terms: | investors Netherlands pensions risk |
| Language: | eng |
| Abstract: | This article shows new evidence for the Netherlands on pension preferences and in investor in the pension domain using a representative survey of about 1000 Dutch citizens. The results show for example that risk aversion is domain dependent and highest in the pension domain and the vast majority of respondents favours the currently dominant defined benefit pension system. It also concludes that respondents who have chosen a relatively safe portfolio tent to switch to the riskier median portfolio when they are shown future income streams and it this suggest that many respondents currently lack the skills to have investor autonomy over investment for retirement. |
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