Saving regret


Börsch-Supan, Axel ; Bucher-Koenen, Tabea ; Hurd, Michael D. ; Rohwedder, Susann


URL: https://www.nber.org/papers/w25238
Additional URL: https://ssrn.com/abstract=3282902
Document Type: Working paper
Year of publication: 2018
The title of a journal, publication series: NBER Working Paper
Volume: 25238
Place of publication: Cambridge, MA
Publication language: English
Institution: Business School > Finanzmärkte (Bucher-Koenen 2019-)
Subject: 300 Social sciences, sociology, anthropology
330 Economics
Abstract: We define saving regret as the wish in hindsight to have saved more earlier in life. We measured saving regret and possible determinants in a survey of a probability sample of those aged 60-79. We investigate two main causes of saving regret: procrastination along with other psychological traits, and the role of shocks, both positive and negative. We find high levels of saving regret but relatively little of the variation is explained by procrastination and psychological factors. Shocks such as unemployment, health and divorce explain much more of the variation. The results have important implications for retirement saving policies.

Dieser Datensatz wurde nicht während einer Tätigkeit an der Universität Mannheim veröffentlicht, dies ist eine Externe Publikation.




+ Citation Example and Export

Börsch-Supan, Axel ; Bucher-Koenen, Tabea ; Hurd, Michael D. ; Rohwedder, Susann (2018) Saving regret. NBER Working Paper Cambridge, MA 25238 [Working paper]


+ Search Authors in

+ Page Views

Hits per month over past year

Detailed information



You have found an error? Please let us know about your desired correction here: E-Mail


Actions (login required)

Show item Show item