Risk and time preferences > Wave 1
Longitudinal Wave
General Information
Title
Wave 1
Project Number
357.1
Abstract
This project focuses on the risk attitude and choices between now and later of the Dutch population.
Longitudinal Type
Longitudinal Wave
Begin date
02-03-2020
End date
31-03-2020
Researcher
Jorgo Goossens (Tilburg University); Marike Knoef (Leiden University)
Publisher
Centerdata
Copyright
© 2025 Centerdata
DOI
https://doi.org/10.57990/prec-np20
Funding Organization
Netspar
NWO
ODISSEI
OCW (Domeinplan SSH)
NWO
ODISSEI
OCW (Domeinplan SSH)
Datasets and documentation
View Documentation
Codebook in English
Codebook in Dutch
Data Files
English SPSS file
English STATA file
English CSV file
Variables
| Variable name | Variable Label | Variable Type |
|---|---|---|
| nomem_encr | Number of the household member encrypted | directly measured |
| xr20a_m | Year and month of the field work period | directly measured |
| xr20a001 | Version of the questionnaire | directly measured |
| xr20a002 | Preloaded variable: Handles financial matters | directly measured |
| xr20a003 | Preloaded variable: Age of household member | directly measured |
| xr20a004 | Preloaded variable: panel member has completed the questionnaire Verwachtingen over pensioen (Expectations regarding pension; fieldwork 05-2018) | directly measured |
| xr20a005 | Random number for order of xr20a013 - xr20a059 | directly measured |
| xr20a006 | Random number for order of xr20a021 - xr20a036 and xr20a037 - xr20a052 | directly measured |
| xr20a007 | Random number for order of xr20a021 - xr20a028 and xr20a029 - xr20a036 | directly measured |
| xr20a008 | Random number for order of xr20a037 - xr20a044 and xr20a045 - xr20a052 | directly measured |
| xr20a009 | Combination variables xr20a006, xr20a007 en xr20a008 for order of xr20a013 - xr20a052 | directly measured |
| xr20a010 | Random number for text shown in xr20a067 | directly measured |
| xr20a011 | Age shown in xr20a060: [xr20a003] + 1 | directly measured |
| xr20a012 | Age shown in xr20a061: [xr20a003] + 5 | directly measured |
| xr20a013 | Suppose you were to receive an additional €0.00 for each euro that you choose to receive 1 year from now: Euros today (guaranteed) | directly measured |
| xr20a014 | Suppose you were to receive an additional €0.50 for each euro that you choose to receive 1 year from now: Euros today (guaranteed) | directly measured |
| xr20a015 | Suppose you were to receive an additional €1.50 for each euro that you choose to receive 1 year from now: Euros today (guaranteed) | directly measured |
| xr20a016 | Suppose you were to receive an additional €3.50 for each euro that you choose to receive 1 year from now: Euros today (guaranteed) | directly measured |
| xr20a017 | Suppose you were to receive an additional €0.00 for each euro that you choose to receive 1 year from now: Euros you are guaranteed to receive 1 year from now | directly measured |
| xr20a018 | Suppose you were to receive an additional €0.50 for each euro that you choose to receive 1 year from now: Euros you are guaranteed to receive 1 year from now | directly measured |
| xr20a019 | Suppose you were to receive an additional €1.50 for each euro that you choose to receive 1 year from now: Euros you are guaranteed to receive 1 year from now | directly measured |
| xr20a020 | Suppose you were to receive an additional €3.50 for each euro that you choose to receive 1 year from now: Euros you are guaranteed to receive 1 year from now | directly measured |
| xr20a021 | Suppose you were to receive an additional €1.00 for each euro that you choose to receive 1 year from now: Euros today (guaranteed) | directly measured |
| xr20a022 | Suppose you were to receive an additional €2.00 for each euro that you choose to receive 1 year from now: Euros today (guaranteed) | directly measured |
| xr20a023 | Suppose you were to receive an additional €4.00 for each euro that you choose to receive 1 year from now: Euros today (guaranteed) | directly measured |
| xr20a024 | Suppose you were to receive an additional €8.00 for each euro that you choose to receive 1 year from now: Euros today (guaranteed) | directly measured |
| xr20a025 | Suppose you were to receive an additional €1.00 for each euro that you choose to receive 1 year from now: Euros you have a 50% chance of receiving 1 year from now | directly measured |
| xr20a026 | Suppose you were to receive an additional €2.00 for each euro that you choose to receive 1 year from now: Euros you have a 50% chance of receiving 1 year from now | directly measured |
| xr20a027 | Suppose you were to receive an additional €4.00 for each euro that you choose to receive 1 year from now: Euros you have a 50% chance of receiving 1 year from now | directly measured |
| xr20a028 | Suppose you were to receive an additional €8.00 for each euro that you choose to receive 1 year from now: Euros you have a 50% chance of receiving 1 year from now | directly measured |
| xr20a029 | Suppose you were to receive an additional €0.33 for each euro that you choose to receive 1 year from now: Euros today (guaranteed) | directly measured |
| xr20a030 | Suppose you were to receive an additional €1.00 for each euro that you choose to receive 1 year from now: Euros today (guaranteed) | directly measured |
| xr20a031 | Suppose you were to receive an additional €2.33 for each euro that you choose to receive 1 year from now: Euros today (guaranteed) | directly measured |
| xr20a032 | Suppose you were to receive an additional €5.00 for each euro that you choose to receive 1 year from now: Euros today (guaranteed) | directly measured |
| xr20a033 | Suppose you were to receive an additional €0.33 for each euro that you choose to receive 1 year from now: Euros you have a 75% chance of receiving 1 year from now | directly measured |
| xr20a034 | Suppose you were to receive an additional €1.00 for each euro that you choose to receive 1 year from now: Euros you have a 75% chance of receiving 1 year from now | directly measured |
| xr20a035 | Suppose you were to receive an additional €2.33 for each euro that you choose to receive 1 year from now: Euros you have a 75% chance of receiving 1 year from now | directly measured |
| xr20a036 | Suppose you were to receive an additional €5.00 for each euro that you choose to receive 1 year from now: Euros you have a 75% chance of receiving 1 year from now | directly measured |
| xr20a037 | Suppose you were to receive an additional €0.00 for each euro that you choose to receive 5 years from now: Euros today (guaranteed) | directly measured |
| xr20a038 | Suppose you were to receive an additional €0.50 for each euro that you choose to receive 5 years from now: Euros today (guaranteed) | directly measured |
| xr20a039 | Suppose you were to receive an additional €3.50 for each euro that you choose to receive 5 years from now: Euros today (guaranteed) | directly measured |
| xr20a040 | Suppose you were to receive an additional €7.50 for each euro that you choose to receive 5 years from now: Euros today (guaranteed) | directly measured |
| xr20a041 | Suppose you were to receive an additional €0.00 for each euro that you choose to receive 5 years from now: Euros you are guaranteed to receive 5 years from now | directly measured |
| xr20a042 | Suppose you were to receive an additional €0.50 for each euro that you choose to receive 5 years from now: Euros you are guaranteed to receive 5 years from now | directly measured |
| xr20a043 | Suppose you were to receive an additional €3.50 for each euro that you choose to receive 5 years from now: Euros you are guaranteed to receive 5 years from now | directly measured |
| xr20a044 | Suppose you were to receive an additional €7.50 for each euro that you choose to receive 5 years from now: Euros you are guaranteed to receive 5 years from now | directly measured |
| xr20a045 | Suppose you were to receive an additional €0.00 for each euro that you choose to receive 6 years from now: Euros you are guaranteed to receive 1 year from now | directly measured |
| xr20a046 | Suppose you were to receive an additional €0.50 for each euro that you choose to receive 6 years from now: Euros you are guaranteed to receive 1 year from now | directly measured |
| xr20a047 | Suppose you were to receive an additional €3.50 for each euro that you choose to receive 6 years from now: Euros you are guaranteed to receive 1 year from now | directly measured |
| xr20a048 | Suppose you were to receive an additional €7.00 for each euro that you choose to receive 6 years from now: Euros you are guaranteed to receive 1 year from now | directly measured |
| xr20a049 | Suppose you were to receive an additional €0.00 for each euro that you choose to receive 6 years from now: Euros you are guaranteed to receive 6 years from now | directly measured |
| xr20a050 | Suppose you were to receive an additional €0.50 for each euro that you choose to receive 6 years from now: Euros you are guaranteed to receive 6 years from now | directly measured |
| xr20a051 | Suppose you were to receive an additional €3.50 for each euro that you choose to receive 6 years from now: Euros you are guaranteed to receive 6 years from now | directly measured |
| xr20a052 | Suppose you were to receive an additional €7.00 for each euro that you choose to receive 6 years from now: Euros you are guaranteed to receive 6 years from now | directly measured |
| xr20a053 | Suppose that we toss a 1 euro coin and you get money depending on whether it lands on heads or tails. Which game would you choose? | directly measured |
| xr20a054 | Please enter an amount X that would make option B as attractive to you as option A. (A) Receive €10,000 now (B) Receive €X 1 year from now | directly measured |
| xr20a055 | Please enter an amount X that would make option B as attractive to you as option A. (A) Receive €10,000 now (B) Receive €X 5 years from now | directly measured |
| xr20a056 | I am prepared to risk losing money if there is also a chance that I will win money. | directly measured |
| xr20a057 | I am impulsive and tend to buy things even when I cannot really afford them. | directly measured |
| xr20a058 | I tend to spend money without worrying too much about what the future will bring. | directly measured |
| xr20a059 | I have confidence in insurance companies. | directly measured |
| xr20a060 | In your opinion, how likely is it that you will reach the age of: [xr20a011] or older? | directly measured |
| xr20a061 | In your opinion, how likely is it that you will reach the age of: [xr20a012] or older? | directly measured |
| xr20a062 | In your opinion, how likely is it that you will reach the age of: 70 or older? | directly measured |
| xr20a063 | In your opinion, how likely is it that you will reach the age of: 80 or older? | directly measured |
| xr20a064 | In your opinion, how likely is it that you will reach the age of: 90 or older? | directly measured |
| xr20a065 | Imagine that you have €100 in your savings account, with an interest of 2% per year. How much money do you think you will have in your savings account if you leave this money there for 5 years? | directly measured |
| xr20a066 | Imagine that you have €100 in your savings account, with an interest of 1% per year, and the inflation rate is 2% per year. How much would you be able to buy with the money in your savings account one year from now? | directly measured |
| xr20a067 | What kind of pension would you prefer? | directly measured |
| xr20a068 | For each version, please indicate whether you think A is better, B is better, or that A and B are equally good. Choice 1 | directly measured |
| xr20a069 | For each version, please indicate whether you think A is better, B is better, or that A and B are equally good. Choice 2 | directly measured |
| xr20a070 | For each version, please indicate whether you think A is better, B is better, or that A and B are equally good. Choice 3 | directly measured |
| xr20a071 | For each version, please indicate whether you think A is better, B is better, or that A and B are equally good. Choice 4 | directly measured |
| xr20a072 | For each version, please indicate whether you think A is better, B is better, or that A and B are equally good. Choice 5 | directly measured |
| xr20a073 | Choice 1: You are about to invest €10,000 in product A or B. Do you choose product A or product B? | directly measured |
| xr20a074 | Choice 2: You are about to invest €10,000 in product C or D. Do you choose product C or product D? | directly measured |
| xr20a075 | Choice 3: You are about to invest €10,000 in product E or F. Do you choose product E or product F? | directly measured |
| xr20a076 | Random number for first coin flip for product [A / B] | directly measured |
| xr20a077 | Random number for first coin flip for product [C / D] | directly measured |
| xr20a078 | Random number for first coin flip for product [E / F] | directly measured |
| xr20a079 | Value of product [A / B] after first coin flip | directly measured |
| xr20a080 | Value of product [C / D] after first coin flip | directly measured |
| xr20a081 | Value of product [E / F] after first coin flip | directly measured |
| xr20a082 | Value of product [A / B] if second coin flip is heads | directly measured |
| xr20a083 | Value of product [A / B] if second coin flip is tails | directly measured |
| xr20a084 | Value of product [C / D] if second coin flip is heads | directly measured |
| xr20a085 | Value of product [C / D] if second coin flip is tails | directly measured |
| xr20a086 | Value of product [E / F] if second coin flip is heads | directly measured |
| xr20a087 | Value of product [E / F] if second coin flip is tails | directly measured |
| xr20a088 | Please decide for each of these products whether you wish to sell it now, or to hold on to it for one more year (and sell it after that year has passed). Product [A / B] | directly measured |
| xr20a089 | Please decide for each of these products whether you wish to sell it now, or to hold on to it for one more year (and sell it after that year has passed). Product [C / D] | directly measured |
| xr20a090 | Please decide for each of these products whether you wish to sell it now, or to hold on to it for one more year (and sell it after that year has passed). Product [E / F] | directly measured |
| xr20a091 | Random number for second coin flip for product [A / B] | directly measured |
| xr20a092 | Random number for second coin flip for product [C / D] | directly measured |
| xr20a093 | Random number for second coin flip for product [E / F] | directly measured |
| xr20a094 | You are about to invest €10,000 in product X or Y. Do you choose product X or product Y? | directly measured |
| xr20a095 | Random number for first coin flip for product [X / Y] | directly measured |
| xr20a096 | Value of product [X / Y] after first coin flip | directly measured |
| xr20a097 | Value of product [X / Y] if second coin flip is heads | directly measured |
| xr20a098 | Value of product [X / Y] if second coin flip is tails | directly measured |
| xr20a099 | Please decide whether you wish to sell your product now, or to hold on to it for one more year (and sell it after that year has passed). Product [X / Y] | directly measured |
| xr20a100 | Random number for second coin flip for product [X / Y] | directly measured |
| xr20a101 | Value of product [A / B] after second coin flip, if applicable | directly measured |
| xr20a102 | Value of product [C / D] after second coin flip, if applicable | directly measured |
| xr20a103 | Value of product [E / F] after second coin flip, if applicable | directly measured |
| xr20a104 | Final total value of products [A / B], [C / D] and [E / F] after second coin flips, if applicable | directly measured |
| xr20a105 | Final value of product [X / Y] after second coin flip, if applicable | directly measured |
| xr20a106 | What is the chance, expressed as a percentage, that the sixth throw will be tails (T)? | directly measured |
| xr20a107 | What is the chance, expressed as a percentage, that the sixth throw will be tails (T)? | directly measured |
| xr20a108 | Was it difficult to answer the questions? | directly measured |
| xr20a109 | Were the questions sufficiently clear? | directly measured |
| xr20a110 | Did the questionnaire get you thinking about things? | directly measured |
| xr20a111 | Was it an interesting subject? | directly measured |
| xr20a112 | Did you enjoy answering the questions? | directly measured |
| xr20a113 | Starting date questionnaire | directly measured |
| xr20a114 | Starting time questionnaire | directly measured |
| xr20a115 | End date questionnaire | directly measured |
| xr20a116 | End time questionnaire | directly measured |
| xr20a117 | Duration in seconds | directly measured |
Response Information
Response Overview
lected number of household members: 2,675 (100.0%)Non-response: 335 (12.5%)
Response: 2,341 (87.5%)
Complete: 2,252 (84.2%)
Incomplete: 89 (3.3%)
Collection Events
Period
02-03-2020 to 31-03-2020
Sample
2,675 panel members in the ages of 40 – 70 years, including a subsample of 397 panel members who oversee the financial matters in the household.
Collection Mode
internet survey
Fieldwork Note
A reminder was sent twice to non-respondents.