What is an Adequate Old-Age Income?

Single Wave Study

General Information

Title
What is an Adequate Old-Age Income?
Project Number
12
Abstract
Choice and other types of questions in relation to monthly spending during working life and retirement.
Longitudinal Type
Single Wave Study
Researcher
Binswanger, Johannes, Schunk, Daniel
Publisher
CentERdata
Copyright
© 2009 CentERdata
Funding Organization
CentERdata/MESS Project
DOI
https://doi.org/10.17026/dans-28t-abgp

Datasets and documentation

View Documentation

English version
Dutch (original) version

Data Files

English SPSS version
English STATA version

Variables

Variable name Variable Label Variable Type
nomem_encrnumber individual household encriptedpreloaded
aa08a_myear and month fieldworkconstructed
aa08a001randomisation question orderconstructed
aa08a002randomisation question aa08a071 to aa08a086constructed
aa08a003randomisation question aa08a088 to aa08a092constructed
aa08a004randomisation agree of accordance (or similar) answer categoriesconstructed
aa08a005randomisation global warming questionconstructed
aa08a006position in the householdpreloaded
aa08a007breadwinnerpreloaded
aa08a008year of birthpreloaded
aa08a009primary occupationpreloaded
aa08a010number of household memberspreloaded
aa08a011number of children in the householdpreloaded
aa08a012composition of the householdpreloaded
aa08a013partnerpreloaded
aa08a014household nett income per monthpreloaded
aa08a015inc: Total household monthly income after taxes. If retired, then total household monthly income after taxes divided by .85.preloaded
aa08a016prof1_0w: Hypothetical working-life spending if ratio of old age to working-life spending is equal to 140 percent and real interest rate is equal to 1 percent.preloaded
aa08a017prof1_0r: Hypothetical old age spending if ratio of old age to working-life spending is equal to 140 percent and real interest rate is equal to 1 percent.preloaded
aa08a018prof1_1w: Hypothetical working-life spending if ratio of old age to working-life spending is equal to 100 percent and real interest rate is equal to 1 percent.preloaded
aa08a019prof1_1r: Hypothetical old age spending if ratio of old age to working-life spending is equal to 100 percent and real interest rate is equal to 1 percent.preloaded
aa08a020prof1_2w: Hypothetical working-life spending if ratio of old age to working-life spending is equal to 88 percent and real interest rate is equal to 1 percent.preloaded
aa08a021prof1_2r: Hypothetical old age spending if ratio of old age to working-life spending is equal to 88 percent and real interest rate is equal to 1 percent.preloaded
aa08a022prof1_3w: Hypothetical working-life spending if ratio of old age to working-life spending is equal to 76 percent and real interest rate is equal to 1 percent.preloaded
aa08a023prof1_3r: Hypothetical old age spending if ratio of old age to working-life spending is equal to 76 percent and real interest rate is equal to 1 percent.preloaded
aa08a024prof1_4w: Hypothetical working-life spending if ratio of old age to working-life spending is equal to 64 percent and real interest rate is equal to 1 percent.preloaded
aa08a025prof1_4r: Hypothetical old age spending if ratio of old age to working-life spending is equal to 64 percent and real interest rate is equal to 1 percent.preloaded
aa08a026prof1_5w: Hypothetical working-life spending if ratio of old age to working-life spending is equal to 50 percent and real interest rate is equal to 1 percent.preloaded
aa08a027prof1_5r: Hypothetical old age spending if ratio of old age to working-life spending is equal to 50 percent and real interest rate is equal to 1 percent.preloaded
aa08a028Prof2_0w: Hypothetical working-life spending if ratio of old age to working-life spending is equal to 140 percent and real interest rate is equal to 6 percent.preloaded
aa08a029Prof2_0r: Hypothetical old age spending if ratio of old age to working-life spending is equal to 140 percent and real interest rate is equal to 6 percent.preloaded
aa08a030Prof2_1w: Hypothetical working-life spending if ratio of old age to working-life spending is equal to 100 percent and real interest rate is equal to 6 percent.preloaded
aa08a031Prof2_1r: Hypothetical old age spending if ratio of old age to working-life spending is equal to 100 percent and real interest rate is equal to 6 percent.preloaded
aa08a032Prof2_2w: Hypothetical working-life spending if ratio of old age to working-life spending is equal to 88 percent and real interest rate is equal to 6 percent.preloaded
aa08a033Prof2_2r: Hypothetical old age spending if ratio of old age to working-life spending is equal to 88 percent and real interest rate is equal to 6 percent.preloaded
aa08a034Prof2_3w: Hypothetical working-life spending if ratio of old age to working-life spending is equal to 76 percent and real interest rate is equal to 6 percent.preloaded
aa08a035Prof2_3r: Hypothetical old age spending if ratio of old age to working-life spending is equal to 76 percent and real interest rate is equal to 6 percent.preloaded
aa08a036Prof2_4w: Hypothetical working-life spending if ratio of old age to working-life spending is equal to 64 percent and real interest rate is equal to 6 percent.preloaded
aa08a037Prof2_4r: Hypothetical old age spending if ratio of old age to working-life spending is equal to 64 percent and real interest rate is equal to 6 percent.preloaded
aa08a038Prof2_5w: Hypothetical working-life spending if ratio of old age to working-life spending is equal to 50 percent and real interest rate is equal to 6 percent.preloaded
aa08a039Prof2_5r: Hypothetical old age spending if ratio of old age to working-life spending is equal to 50 percent and real interest rate is equal to 6 percent.preloaded
aa08a040Bracket: 30 percent of inc, rounded.preloaded
aa08a041rate1_h: 95 percent of inc, roundedpreloaded
aa08a042rate1_l: 80 percent of inc, roundedpreloaded
aa08a043rate2_h: 105 percent of inc, roundedpreloaded
aa08a044rate2_l: 75 percent of inc, roundedpreloaded
aa08a045rate3_h: 115 percent of inc, roundedpreloaded
aa08a046rate3_l: 70 percent of inc, roundedpreloaded
aa08a047rate4_h: 125 percent of inc, roundedpreloaded
aa08a048rate4_l: 65 percent of inc, roundedpreloaded
aa08a049rate5_h: 150 percent of inc, roundedpreloaded
aa08a050rate5_l: 50 percent of inc, roundedpreloaded
aa08a051rra_s: 85 percent of inc, roundedpreloaded
aa08a052rra_rl: 70 percent of inc, roundedpreloaded
aa08a053rra_rh: 100 percent of inc, roundedpreloaded
aa08a054spendw_w: 100 percent of inc, roundedpreloaded
aa08a055spendw_j: 60 percent of inc, rounded, plus 100 Eurospreloaded
aa08a056spendr: 60 percent of inc, roundedpreloaded
aa08a057climref_: 0.5 percent of inc, roundedpreloaded
aa08a058climrefa: 2.5 percent of inc, roundedpreloaded
aa08a059How much have you thought about retirement?directly measured
aa08a060When retired, I would be ready to move to another apartment or house in order to reduce spending on housingdirectly measured
aa08a061How do you expect housing costs to be for you when you will be retired?directly measured
aa08a062expectation housing cost lower/higherdirectly measured
aa08a063minimal level of monthly spendingdirectly measured
aa08a064lower, equal, or higher than current spendingdirectly measured
aa08a065how much lowerdirectly measured
aa08a066I tried to project our needs for housing, food, insurance etc. and add them updirectly measured
aa08a067I thought we would need a fraction of our current monthly expendituresdirectly measured
aa08a068I thought we would need a fraction of our current monthly incomedirectly measured
aa08a069I was recalling advice I got from an expert of financial planning websitedirectly measured
aa08a070I reffered to numbers that appeared in the previous conditions and that looked sensible to medirectly measured
aa08a071first choice interest 1%directly measured
aa08a072second choice interest 1%directly measured
aa08a073first choice interest 1%directly measured
aa08a074second choice interest 1%directly measured
aa08a075choice between first option and new option interest 1%directly measured
aa08a076choice between first option and new option interest 1%directly measured
aa08a077choice between first option and new option interest 1%directly measured
aa08a078choice between first option and new option interest 1%directly measured
aa08a079first choice second question interest 6%directly measured
aa08a080second choice second question interest 6%directly measured
aa08a081first choice second question interest 6%directly measured
aa08a082second choice second question interest 6%directly measured
aa08a083choice between first option and new option second question interest 6%directly measured
aa08a084choice between first option and new option second question interest 6%directly measured
aa08a085choice between first option and new option second question interest 6%directly measured
aa08a086choice between first option and new option second question interest 6%directly measured
aa08a087Even if I spent a long time thinking about those questions, I would not know what I should answerdirectly measured
aa08a088satisfaction pension 90% ^rate1_h euro per maand, 10% rate1_ldirectly measured
aa08a089satisfaction pension 90% ^rate2_h euro per maand, 10% rate2_ldirectly measured
aa08a090satisfaction pension 90% ^rate3_h euro per maand, 10% rate3_ldirectly measured
aa08a091satisfaction pension 90% ^rate4_h euro per maand, 10% rate4_ldirectly measured
aa08a092satisfaction pension 90% ^rate5_h euro per maand, 10% rate5_ldirectly measured
aa08a093Even if I spent a long time thinking about those questions, I would not know what I should answerdirectly measured
aa08a094^rra_s euro or 50% chance ^rra_rl eurodirectly measured
aa08a095^rra_s euro or 40% chance ^rra_rl eurodirectly measured
aa08a096^rra_s euro or 30% chance ^rra_rl eurodirectly measured
aa08a097^rra_s euro or 20% chance ^rra_rl eurodirectly measured
aa08a098^rra_s euro or 10% chance ^rra_rl eurodirectly measured
aa08a09950% chance ^rra_rl euro or ^rra_sdirectly measured
aa08a10040% chance ^rra_rl euro or ^rra_sdirectly measured
aa08a10130% chance ^rra_rl euro or ^rra_sdirectly measured
aa08a10220% chance ^rra_rl euro or ^rra_sdirectly measured
aa08a10310% chance ^rra_rl euro or ^rra_sdirectly measured
aa08a104Even if I spent a long time thinking about those questions, I would not know what I should answerdirectly measured
aa08a105It is obvious that Jan will be much more satisfied with his financial situation during retirement than Wimdirectly measured
aa08a106Many questions did not make sense to medirectly measured
aa08a107Many questions were too abstract for medirectly measured
aa08a108I generally do not like to think about old-age provisiondirectly measured
aa08a109I find it very difficult to imagine how much money I would want to have during retirementdirectly measured
aa08a110I like to take some responsibility for my old-age provision.directly measured
aa08a111monthly contribution global warming without reference point, no problems, no joint effortsdirectly measured
aa08a112monthly contribution global warming without reference point, no problems, joint effortsdirectly measured
aa08a113monthly contribution global warming without reference point, problems, no joint effortsdirectly measured
aa08a114monthly contribution global warming without reference point, problems, joint effortsdirectly measured
aa08a115monthly contribution global warming low reference point, no problems, no joint effortsdirectly measured
aa08a116monthly contribution global warming low reference point, no problems, joint effortsdirectly measured
aa08a117monthly contribution global warming low reference point, problems, no joint effortsdirectly measured
aa08a118monthly contribution global warming low reference point, problems, joint effortsdirectly measured
aa08a119monthly contribution global warming high reference point, no problems, no joint effortsdirectly measured
aa08a120monthly contribution global warming high reference point, no problems, joint effortsdirectly measured
aa08a121monthly contribution global warming high reference point, problems, no joint effortsdirectly measured
aa08a122monthly contribution global warming high reference point, problems, joint effortsdirectly measured
aa08a123difficult questionsdirectly measured
aa08a124clear questionsdirectly measured
aa08a125think about questionnairedirectly measured
aa08a126interesting topicdirectly measured
aa08a127pleasant questionnairedirectly measured
aa08a128begin date questionnaireconstructed
aa08a129begin time questionnaireconstructed
aa08a130end date questionnaireconstructed
aa08a131end time questionnaireconstructed

Questions

Questionnaire: Old-age income

This questionnaire was originally conducted in Dutch.

Browse Old-age income

Response Information

Response Overview

In March 2007 Binswanger and Schunk fielded a more or less identical version of the questionnaire in the CentERpanel. They repeated the questionnaire in the LISS panel to find out if fresh respondents give the same answers as trained respondents (from the CentERpanel).
The questionnaire was presented to 2755 respondents and 2005 respondents filled out the questionnaire (response percentage 72.8%).

Response: Selected number of household members: 2755
Nonresponse: 750 (27.2%)
Actual response: 2005 (72.8%)

Collection Events
Period
07-01-2008 to 29-01-2008
Sample
Respondents with reported net monthly income higher than 800 euro’s, age greater or equal to 25, position<4, and woonworm=2 or woonvorm=3
Collection Mode
internet survey
Fieldwork Note
a reminder was sent twice to non-respondents

Publications

Pensioen, consumptiebehoeften en ouderenzorg Netspar Design Paper 31; Knoef, M., et al.
Panel Conditioning in Difficult Attitudinal Questions Public Opinion Quarterly, 77(3), pp. 783-797; Binswanger, J. et al.
Can survey participation alter household saving behavior? The Economic Journal, 127(606), 2332-2357.; Crossley, T.F., et al.
Dromen over een goed pensioen: origami en datascience TPEdigitaal 2018 jaargang 12(2) pagina 82-94 ; Knoef, M.G.
Can the Dutch meet their own retirement expenditure goals? Labour Economics (2015), Volume 34, p. 100–117; Bresser, J. de, et al.