Managing retirement income and risks

Single Wave Study

General Information

Title
Managing retirement income and risks
Project Number
327
Abstract
This study contains a vignette experiment to investigate the preferences regarding products that make it possible to finance long-term care.
Longitudinal Type
Single Wave Study
Begin date
06-08-2018
End date
28-08-2018
Topics
Employment, labor and retirement (LISS)
Income, property and investment (LISS)
Researcher
Raun van Ooijen (University of Groningen)
Publisher
Centerdata
Copyright
© 2023 Centerdata
DOI
https://doi.org/10.57990/1w2y-9f50
Funding Organization
NWO
University of Groningen
ODISSEI

Datasets and documentation

View Documentation

Codebook in English
codebook_xd18a_EN_1.0.pdf
Codebook in Dutch
codeboek_xd18a_NL_1.0.pdf

Data Files

English SPSS file
xd18a_EN_1.0p.sav
English STATA file
xd18a_EN_1.0p.dta
English CSV file
xd18a_EN_1.0p.csv

Variables

Variable name Variable Label
nomem_encrNumber of the household member encrypted
xd18a_mYear and month of the field work period
xd18a001Gender panel member
xd18a002The household head lives together with a partner (wedded or unwedded)
xd18a003Age of the household member
xd18a004Primary occupation
xd18a005The age (in years) when the panel member will qualify for state pension
xd18a007Vignette 1: monthly sum 1 Product A
xd18a008Vignette 2: monthly sum 1 Product A
xd18a009Vignette 3: monthly sum 1 Product A
xd18a010Vignette 4: monthly sum 1 Product A
xd18a011Vignette 5: monthly sum 1 Product A
xd18a012Vignette 6: monthly sum 1 Product A
xd18a013Vignette 7: monthly sum 1 Product A
xd18a014Vignette 8: monthly sum 1 Product A
xd18a015Vignette 9: monthly sum 1 Product A
xd18a016Vignette 10: monthly sum 1 Product A
xd18a017Vignette 1: monthly sum 1 Product B
xd18a018Vignette 2: monthly sum 1 Product B
xd18a019Vignette 3: monthly sum 1 Product B
xd18a020Vignette 4: monthly sum 1 Product B
xd18a021Vignette 5: monthly sum 1 Product B
xd18a022Vignette 6: monthly sum 1 Product B
xd18a023Vignette 7: monthly sum 1 Product B
xd18a024Vignette 8: monthly sum 1 Product B
xd18a025Vignette 9: monthly sum 1 Product B
xd18a026Vignette 10: monthly sum 1 Product B
xd18a027Vignette 1: monthly sum 2 Product A
xd18a028Vignette 2: monthly sum 2 Product A
xd18a029Vignette 3: monthly sum 2 Product A
xd18a030Vignette 4: monthly sum 2 Product A
xd18a031Vignette 5: monthly sum 2 Product A
xd18a032Vignette 6: monthly sum 2 Product A
xd18a033Vignette 7: monthly sum 2 Product A
xd18a034Vignette 8: monthly sum 2 Product A
xd18a035Vignette 9: monthly sum 2 Product A
xd18a036Vignette 10: monthly sum 2 Product A
xd18a037Vignette 1: monthly sum 2 Product B
xd18a038Vignette 2: monthly sum 2 Product B
xd18a039Vignette 3: monthly sum 2 Product B
xd18a040Vignette 4: monthly sum 2 Product B
xd18a041Vignette 5: monthly sum 2 Product B
xd18a042Vignette 6: monthly sum 2 Product B
xd18a043Vignette 7: monthly sum 2 Product B
xd18a044Vignette 8: monthly sum 2 Product B
xd18a045Vignette 9: monthly sum 2 Product B
xd18a046Vignette 10: monthly sum 2 Product B
xd18a047Vignette 1: maximum duration of benefit Product A
xd18a048Vignette 2: maximum duration of benefit Product A
xd18a049Vignette 3: maximum duration of benefit Product A
xd18a050Vignette 4: maximum duration of benefit Product A
xd18a051Vignette 5: maximum duration of benefit Product A
xd18a052Vignette 6: maximum duration of benefit Product A
xd18a053Vignette 7: maximum duration of benefit Product A
xd18a054Vignette 8: maximum duration of benefit Product A
xd18a055Vignette 9: maximum duration of benefit Product A
xd18a056Vignette 10: maximum duration of benefit Product A
xd18a057Vignette 1: maximum duration of benefit Product B
xd18a058Vignette 2: maximum duration of benefit Product B
xd18a059Vignette 3: maximum duration of benefit Product B
xd18a060Vignette 4: maximum duration of benefit Product B
xd18a061Vignette 5: maximum duration of benefit Product B
xd18a062Vignette 6: maximum duration of benefit Product B
xd18a063Vignette 7: maximum duration of benefit Product B
xd18a064Vignette 8: maximum duration of benefit Product B
xd18a065Vignette 9: maximum duration of benefit Product B
xd18a066Vignette 10: maximum duration of benefit Product B
xd18a067Vignette 1: monthly contribution Product A
xd18a068Vignette 2: monthly contribution Product A
xd18a069Vignette 3: monthly contribution Product A
xd18a070Vignette 4: monthly contribution Product A
xd18a071Vignette 5: monthly contribution Product A
xd18a072Vignette 6: monthly contribution Product A
xd18a073Vignette 7: monthly contribution Product A
xd18a074Vignette 8: monthly contribution Product A
xd18a075Vignette 9: monthly contribution Product A
xd18a076Vignette 10: monthly contribution Product A
xd18a077Vignette 1: monthly contribution Product B
xd18a078Vignette 2: monthly contribution Product B
xd18a079Vignette 3: monthly contribution Product B
xd18a080Vignette 4: monthly contribution Product B
xd18a081Vignette 5: monthly contribution Product B
xd18a082Vignette 6: monthly contribution Product B
xd18a083Vignette 7: monthly contribution Product B
xd18a084Vignette 8: monthly contribution Product B
xd18a085Vignette 9: monthly contribution Product B
xd18a086Vignette 10: monthly contribution Product B
xd18a087Vignette 1: Equity in own home Product A
xd18a088Vignette 2: Equity in own home Product A
xd18a089Vignette 3: Equity in own home Product A
xd18a090Vignette 4: Equity in own home Product A
xd18a091Vignette 5: Equity in own home Product A
xd18a092Vignette 6: Equity in own home Product A
xd18a093Vignette 7: Equity in own home Product A
xd18a094Vignette 8: Equity in own home Product A
xd18a095Vignette 9: Equity in own home Product A
xd18a096Vignette 10: Equity in own home Product A
xd18a097Vignette 1: Equity in own home Product B
xd18a098Vignette 2: Equity in own home Product B
xd18a099Vignette 3: Equity in own home Product B
xd18a100Vignette 4: Equity in own home Product B
xd18a101Vignette 5: Equity in own home Product B
xd18a102Vignette 6: Equity in own home Product B
xd18a103Vignette 7: Equity in own home Product B
xd18a104Vignette 8: Equity in own home Product B
xd18a105Vignette 9: Equity in own home Product B
xd18a106Vignette 10: Equity in own home Product B
xd18a107Vignette 1: Savings Product A
xd18a108Vignette 2: Savings Product A
xd18a109Vignette 3: Savings Product A
xd18a110Vignette 4: Savings Product A
xd18a111Vignette 5: Savings Product A
xd18a112Vignette 6: Savings Product A
xd18a113Vignette 7: Savings Product A
xd18a114Vignette 8: Savings Product A
xd18a115Vignette 9: Savings Product A
xd18a116Vignette 10: Savings Product A
xd18a117Vignette 1: Savings Product B
xd18a118Vignette 2: Savings Product B
xd18a119Vignette 3: Savings Product B
xd18a120Vignette 4: Savings Product B
xd18a121Vignette 5: Savings Product B
xd18a122Vignette 6: Savings Product B
xd18a123Vignette 7: Savings Product B
xd18a124Vignette 8: Savings Product B
xd18a125Vignette 9: Savings Product B
xd18a126Vignette 10: Savings Product B
xd18a127Vignette 1: Waiting period Product A
xd18a128Vignette 2: Waiting period Product A
xd18a129Vignette 3: Waiting period Product A
xd18a130Vignette 4: Waiting period Product A
xd18a131Vignette 5: Waiting period Product A
xd18a132Vignette 6: Waiting period Product A
xd18a133Vignette 7: Waiting period Product A
xd18a134Vignette 8: Waiting period Product A
xd18a135Vignette 9: Waiting period Product A
xd18a136Vignette 10: Waiting period Product A
xd18a137Vignette 1: Waiting period Product B
xd18a138Vignette 2: Waiting period Product B
xd18a139Vignette 3: Waiting period Product B
xd18a140Vignette 4: Waiting period Product B
xd18a141Vignette 5: Waiting period Product B
xd18a142Vignette 6: Waiting period Product B
xd18a143Vignette 7: Waiting period Product B
xd18a144Vignette 8: Waiting period Product B
xd18a145Vignette 9: Waiting period Product B
xd18a146Vignette 10: Waiting period Product B
xd18a147Statement shown 1st under xd18a185 - xd18a194
xd18a148Statement shown 2nd under xd18a185 - xd18a194
xd18a149Statement shown 3rd under xd18a185 - xd18a194
xd18a150Statement shown 4th under xd18a185 - xd18a194
xd18a151Statement shown 5th under xd18a185 - xd18a194
xd18a152Statement shown 6th under xd18a185 - xd18a194
xd18a153Statement shown 7th under xd18a185 - xd18a194
xd18a154Statement shown 8th under xd18a185 - xd18a194
xd18a155Statement shown 9th under xd18a185 - xd18a194
xd18a156Statement shown 10th under xd18a185 - xd18a194
xd18a157Random number for xd18a164 - xd18a166
xd18a158Random number for order xd18a175 - xd18a176
xd18a159According to our data, you currently have a paid job. Is that correct?
xd18a160According to our data, you are currently retired. Is that correct?
xd18a161According to our data, you do not currently have a paid job. Is that correct?
xd18a162Do you currently require long-term care?
xd18a163Do you currently receive long-term care?
xd18a164What do you think? What percentage of [men / women] receive long-term care from a professional carer (at home or in a nursing home or care home) during their lifetime?
xd18a165How many years and months do you think [men / women] who receive long-term care need that care, on average? years
xd18a166How many years and months do you think [men / women] who receive long-term care need that care, on average? months
xd18a167Do you think that you will need long-term care for a shorter or longer duration than other [men / women] of a similar age?
xd18a168How likely do you think it is that you will ever need long-term care (at home, in a nursing home or care home, or by volunteers in your area)?
xd18a169How likely do you think it is that, at some point in your life, you will...need more than 1 year of long-term care?
xd18a170How likely do you think it is that, at some point in your life, you will...need more than 3 years of long-term care?
xd18a171How likely do you think it is that, at some point in your life, you will...need more than 5 years of long-term care?
xd18a172How likely do you think it is that, at some point in your life, you will...need more than 7 years of long-term care?
xd18a173How likely do you think it is that, at some point in your life, you will...need more than 9 years of long-term care?
xd18a174Do you expect that [(in addition to your partner) a family member / a family member] (or someone in your vicinity) is prepared to and capable of providing you with care or support for a longer period of time?
xd18a175If your health declines and you find yourself in a situation where you need long-term care, do you think your non-medical expenses will increase or decrease?
xd18a176If your health declines and you find yourself in a situation where you need long-term care, how much do you think your medical expenses will increase?
xd18a177Do you set money aside (or have you set money aside) in case [you or your partner / you] need term-term care? Yes, [we / I] set money aside for this or have already done so.
xd18a178Do you set money aside (or have you set money aside) in case [you or your partner / you] need term-term care? Yes, [we / I] have paid off [our/my mortgage...] and [we are / I am] prepared to use [our / my] home equity if...
xd18a179Do you set money aside (or have you set money aside) in case [you or your partner / you] need term-term care? No, [we / I] have not done so yet, but [we / I] plan to pay for long-term care with [our/ my] income or retirement income.
xd18a180Do you set money aside (or have you set money aside) in case [you or your partner / you] need term-term care? No, [we / I] have not done so yet, but [we / I] plan to set money aside in the future.
xd18a181Do you set money aside (or have you set money aside) in case [you or your partner / you] need term-term care? No, [we / I] have not done so yet, and [we / I] do not plan to set money aside in the future.
xd18a182Generally speaking, are you a person who tries to avoid risks, or someone who is prepared to take risks?
xd18a183Generally speaking, are you a patient person, or someone who is always impatient?
xd18a184Generally speaking, are you someone who always thinks carefully about everything, or an impulsive person?
xd18a185Children can be expected to take care of their parents if their parents are in need of help.
xd18a186When I need long-term care, I would rather receive help from a care professional (such as a home care organization) than from a family member (or someone else in my vicinity).
xd18a187I want to be financially independent from my children and others when I am in need of help.
xd18a188Nursing homes and care homes in the Netherlands are of high quality.
xd18a189I expect that the long-term care that people receive from the government will be scaled back significantly in the coming ten years.
xd18a190When I need long-term care, I expect to have sufficient financial resources (income and/or assets) to be able to pay for it.
xd18a191Generally speaking, I trust that financial institutions will fulfil their obligations.
xd18a192I consider it important to leave an inheritance for children or others.
xd18a193I consider it important to gift money to children or other heirs during my life.
xd18a194I am worried about my financial position [after I retire]
xd18a195Are you a/the tenant, subtenant, owner or co-owner of the home in which you currently live?
xd18a196What do you think is the total balance of [your and your partner’s / your] bank accounts (current accounts, savings accounts and deposit accounts) and [your and your partner’s investments? / investments?]
xd18a197To what category do you think the total balance (total value) of [your and your partner’s / your] bank accounts (current accounts, savings accounts and deposit accounts) and [your and your partner’s investments / investments] belongs?
xd18a198How much do you think your home would sell for if you sold it today?
xd18a199Is the estimated value of your home if it were sold:
xd18a200How high is your current mortgage loan?
xd18a201Is/are your estimated mortgage loan(s):
xd18a202At what age do you expect to retire?
xd18a203At what age did you retire?
xd18a204What will the estimated amount of your mortgage loan be [when you retire / else: when you reach state pension age]?
xd18a205What will the estimated amount of your mortgage loan be [when you retire / when you reach state pension age]?
xd18a206What is [your and your partner’s total] [your] [monthly / expected monthly] net pension benefit (state pension plus other pension payments)?
xd18a207To what category do you think the total balance (total value) of [your and your partner’s total / your] monthly net pension benefit belongs?
xd18a208Choice 1 (out of 10) Which of the following two financial products would you prefer?
xd18a209Choice 1 (out of 10) How likely is it that you would purchase product [A / B]?
xd18a210Choice 2 (out of 10) Which of the following two financial products would you prefer?
xd18a211Choice 2 (out of 10) How likely is it that you would purchase product [A / B]?
xd18a212Choice 3 (out of 10) Which of the following two financial products would you prefer?
xd18a213Choice 3 (out of 10) How likely is it that you would purchase product [A / B]?
xd18a214Choice 4 (out of 10) Which of the following two financial products would you prefer?
xd18a215Choice 4 (out of 10) How likely is it that you would purchase product [A / B]?
xd18a216Choice 5 (out of 10) Which of the following two financial products would you prefer?
xd18a217Choice 5 (out of 10) How likely is it that you would purchase product [A / B]?
xd18a218Choice 6 (out of 10) Which of the following two financial products would you prefer?
xd18a219Choice 6 (out of 10) How likely is it that you would purchase product [A / B]?
xd18a220Choice 7 (out of 10) Which of the following two financial products would you prefer?
xd18a221Choice 7 (out of 10) How likely is it that you would purchase product [A / B]?
xd18a222Choice 8 (out of 10) Which of the following two financial products would you prefer?
xd18a223Choice 8 (out of 10) How likely is it that you would purchase product [A / B]?
xd18a224Choice 9 (out of 10) Which of the following two financial products would you prefer?
xd18a225Choice 9 (out of 10) How likely is it that you would purchase product [A / B]?
xd18a226Choice 10 (out of 10) Which of the following two financial products would you prefer?
xd18a227Choice 10 (out of 10) How likely is it that you would purchase product [A / B]?
xd18a228Through which channel would you prefer to obtain such a product?
xd18a229Would you consider taking out a long-term care insurance policy for yourself?
xd18a230Would you consider or have considered taking out a long-term care insurance policy for your parents?
xd18a231How would you divide this sum of €100,000 between the two safes? in the inheritance safe
xd18a232How would you divide this sum of €100,000 between the two safes? in the long-term care safe
xd18a233I would want to leave more money to...my child/children who takes/take good care of me when I am old
xd18a234I would want to leave more money to...another specific person who takes good care of me when I am old
xd18a235I would want to leave more money to...my child/children who needs/need it the most
xd18a236I would want to leave more money to...another specific person who needs it the most
xd18a237I would want to leave more money to...I do not want to set any conditions for the inheritance (e.g. I want to leave all my children an equal amount)
xd18a238I would want to leave more money to...I do not plan to leave anything to anyone
xd18a239Are you considering making such gifts, or have you already done so? I do not intend to gift any money
xd18a240Are you considering making such gifts, or have you already done so? I intend to gift money to my child or children who takes or take good care of me when I am old, or I have already done so
xd18a241Are you considering making such gifts, or have you already done so? I intend to gift money to another specific person who takes good care of me when I am old, or I have already done so
xd18a242Are you considering making such gifts, or have you already done so? I intend to gift money to my child or children or another specific person who will need it the most in the future, or I have already done so
xd18a243Are you considering making such gifts, or have you already done so? I intend to gift money, but I do not wish to set any conditions
xd18a244How would you divide this sum of €10,000 between the two safes? in the no health problems safe
xd18a245How would you divide this sum of €10,000 between the two safes? in the health problems safe
xd18a246Was it difficult to answer the questions?
xd18a247Were the questions sufficiently clear?
xd18a248Did the questionnaire get you thinking about things?
xd18a249Was it an interesting subject?
xd18a250Did you enjoy answering the questions?
xd18a251Starting date questionnaire
xd18a252Starting time questionnaire
xd18a253End date questionnaire
xd18a254End time questionnaire
xd18a255Duration in seconds

Response Information

Response Overview
Selected number of household members: 3,507 (100.0%)
Non-response: 628 (17.9%)
Response: 2,879 (82.1%)
Complete: 2,717 (77.5%)
Incomplete: 162 (4.6%)
Collection Events
Period
06-08-2018 to 28-08-2018
Sample
3,507 panel members of 40 years or older who are (the partner of) the head of the household, with a net monthly household income higher than zero.
Collection Mode
internet survey
Fieldwork Note
A reminder was sent twice to non-respondents.