Risk and time preferences > Wave 2

Longitudinal Wave

General Information

Title
Wave 2
Project Number
357.2
Abstract
This project focuses on the risk attitude and choices between now and later of the Dutch population. The first wave of this project was administered in March 2020.
Longitudinal Type
Longitudinal Wave
Begin date
07-12-2020
End date
29-12-2020
Researcher
Jorgo Goossens (Tilburg University); Marike Knoef (Leiden University)
Publisher
Centerdata
Copyright
© 2025 Centerdata
DOI
https://doi.org/10.57990/wv8p-b054
Funding Organization
Netspar, NWO, OCW (Domeinplan SSH), ODISSEI

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
nomem_encrNumber of the household member encrypted
xr20b_mYear and month of the field work period
xr20b002Preloaded variable: Handles financial matters
xr20b003Preloaded variable: Age of household member
xr20b004Preloaded variable: panel member has completed the questionnaire Verwachtingen over pensioen (Expectations regarding pension; fieldwork 05-2018)
xr20b005Random number for order of xr20b013 - xr20b059
xr20b006Random number for order of xr20b021 - xr20b036 and xr20b037 - xr20b052
xr20b007Random number for order of xr20b021 - xr20b028 and xr20b029 - xr20b036
xr20b008Random number for order of xr20b037 - xr20b044 and xr20b045 - xr20b052
xr20b009Combination variables xr20b006, xr20b007 en xr20b008 for order of xr20b013 - xr20b052
xr20b010Random number for text shown in xr20b067
xr20b011Age shown in xr20b060: [xr20b003] + 1
xr20b012Age shown in xr20b061: [xr20b003] + 1
xr20b013Suppose you were to receive an additional €0.00 for each euro that you choose to receive 1 year from now: Euros today (guaranteed)
xr20b014Suppose you were to receive an additional €0.50 for each euro that you choose to receive 1 year from now: Euros today (guaranteed)
xr20b015Suppose you were to receive an additional €1.50 for each euro that you choose to receive 1 year from now: Euros today (guaranteed)
xr20b016Suppose you were to receive an additional €3.50 for each euro that you choose to receive 1 year from now: Euros today (guaranteed)
xr20b017Suppose 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
xr20b018Suppose 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
xr20b019Suppose 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
xr20b020Suppose 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
xr20b021Suppose you were to receive an additional €1.00 for each euro that you choose to receive 1 year from now: Euros today (guaranteed)
xr20b022Suppose you were to receive an additional €2.00 for each euro that you choose to receive 1 year from now: Euros today (guaranteed)
xr20b023Suppose you were to receive an additional €4.00 for each euro that you choose to receive 1 year from now: Euros today (guaranteed)
xr20b024Suppose you were to receive an additional €8.00 for each euro that you choose to receive 1 year from now: Euros today (guaranteed)
xr20b025Suppose 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
xr20b026Suppose 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
xr20b027Suppose 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
xr20b028Suppose 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
xr20b029Suppose you were to receive an additional €0.33 for each euro that you choose to receive 1 year from now: Euros today (guaranteed)
xr20b030Suppose you were to receive an additional €1.00 for each euro that you choose to receive 1 year from now: Euros today (guaranteed)
xr20b031Suppose you were to receive an additional €2.33 for each euro that you choose to receive 1 year from now: Euros today (guaranteed)
xr20b032Suppose you were to receive an additional €5.00 for each euro that you choose to receive 1 year from now: Euros today (guaranteed)
xr20b033Suppose 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
xr20b034Suppose 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
xr20b035Suppose 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
xr20b036Suppose 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
xr20b037Suppose you were to receive an additional €0.00 for each euro that you choose to receive 5 years from now: Euros today (guaranteed)
xr20b038Suppose you were to receive an additional €0.50 for each euro that you choose to receive 5 years from now: Euros today (guaranteed)
xr20b039Suppose you were to receive an additional €3.50 for each euro that you choose to receive 5 years from now: Euros today (guaranteed)
xr20b040Suppose you were to receive an additional €7.50 for each euro that you choose to receive 5 years from now: Euros today (guaranteed)
xr20b041Suppose 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
xr20b042Suppose 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
xr20b043Suppose 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
xr20b044Suppose 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
xr20b045Suppose 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
xr20b046Suppose 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
xr20b047Suppose 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
xr20b048Suppose 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
xr20b049Suppose 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
xr20b050Suppose 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
xr20b051Suppose 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
xr20b052Suppose 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
xr20b053Suppose 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?
xr20b054Please 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
xr20b055Please 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
xr20b056I am prepared to risk losing money if there is also a chance that I will win money.
xr20b057I am impulsive and tend to buy things even when I cannot really afford them.
xr20b058I tend to spend money without worrying too much about what the future will bring.
xr20b059I have confidence in insurance companies.
xr20b060In your opinion, how likely is it that you will reach the age of: [xr20b011] or older?
xr20b061In your opinion, how likely is it that you will reach the age of: [xr20b012] or older?
xr20b062In your opinion, how likely is it that you will reach the age of: 70 or older?
xr20b063In your opinion, how likely is it that you will reach the age of: 80 or older?
xr20b064In your opinion, how likely is it that you will reach the age of: 90 or older?
xr20b065Imagine 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?
xr20b066Imagine 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?
xr20b067What kind of pension would you prefer?
xr20b068For each version, please indicate whether you think A is better, B is better, or that A and B are equally good. Choice 1
xr20b069For each version, please indicate whether you think A is better, B is better, or that A and B are equally good. Choice 2
xr20b070For each version, please indicate whether you think A is better, B is better, or that A and B are equally good. Choice 3
xr20b071For each version, please indicate whether you think A is better, B is better, or that A and B are equally good. Choice 4
xr20b072For each version, please indicate whether you think A is better, B is better, or that A and B are equally good. Choice 5
xr20b073Choice 1: You are about to invest €10,000 in product A or B. Do you choose product A or product B?
xr20b074Choice 2: You are about to invest €10,000 in product C or D. Do you choose product C or product D?
xr20b075Choice 3: You are about to invest €10,000 in product E or F. Do you choose product E or product F?
xr20b076Random number for first coin flip for product [A / B]
xr20b077Random number for first coin flip for product [C / D]
xr20b078Random number for first coin flip for product [E / F]
xr20b079Value of product [A / B] after first coin flip
xr20b080Value of product [C / D] after first coin flip
xr20b081Value of product [E / F] after first coin flip
xr20b082Value of product [A / B] if second coin flip is heads
xr20b083Value of product [A / B] if second coin flip is tails
xr20b084Value of product [C / D] if second coin flip is heads
xr20b085Value of product [C / D] if second coin flip is tails
xr20b086Value of product [E / F] if second coin flip is heads
xr20b087Value of product [E / F] if second coin flip is tails
xr20b088Please 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]
xr20b089Please 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]
xr20b090Please 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]
xr20b091Random number for second coin flip for product [A / B]
xr20b092Random number for second coin flip for product [C / D]
xr20b093Random number for second coin flip for product [E / F]
xr20b094You are about to invest €10,000 in product X or Y. Do you choose product X or product Y?
xr20b095Random number for first coin flip for product [X / Y]
xr20b096Value of product [X / Y] after first coin flip
xr20b097Value of product [X / Y] if second coin flip is heads
xr20b098Value of product [X / Y] if second coin flip is tails
xr20b099Please decide for each of these products 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]
xr20b100Random number for second coin flip for product [X / Y]
xr20b101Value of product [A / B] after second coin flip, if applicable
xr20b102Value of product [C / D] after second coin flip, if applicable
xr20b103Value of product [E / F] after second coin flip, if applicable
xr20b104Final total value of products [A / B], [C / D] and [E / F] after second coin flips, if applicable
xr20b105Final value of product [X / Y] after second coin flip, if applicable
xr20b106What is the chance, expressed as a percentage, that the sixth throw will be tails (T)?
xr20b107What is the chance, expressed as a percentage, that the sixth throw will be tails (T)?
xr20b108Was it difficult to answer the questions?
xr20b109Were the questions sufficiently clear?
xr20b110Did the questionnaire get you thinking about things?
xr20b111Was it an interesting subject?
xr20b112Did you enjoy answering the questions?
xr20b113Starting date questionnaire
xr20b114Starting time questionnaire
xr20b115End date questionnaire
xr20b116End time questionnaire
xr20b117Duration in seconds

Response Information

Response Overview
Selected number of household members: 322 (100.0%)
Non-response: 32 (9.9%)
Response: 290 (90.1%)
Complete: 282 (87.6%)
Incomplete: 8 (2.5%)
Collection Events
Period
07-12-2020 to 29-12-2020
Sample
322 panel members who completed the long version of the survey in the first wave of this project.
Collection Mode
Internet Survey
Fieldwork Note
A reminder was sent twice to non-respondents.