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_encr | number individual household encripted | preloaded |
aa08a_m | year and month fieldwork | constructed |
aa08a001 | randomisation question order | constructed |
aa08a002 | randomisation question aa08a071 to aa08a086 | constructed |
aa08a003 | randomisation question aa08a088 to aa08a092 | constructed |
aa08a004 | randomisation agree of accordance (or similar) answer categories | constructed |
aa08a005 | randomisation global warming question | constructed |
aa08a006 | position in the household | preloaded |
aa08a007 | breadwinner | preloaded |
aa08a008 | year of birth | preloaded |
aa08a009 | primary occupation | preloaded |
aa08a010 | number of household members | preloaded |
aa08a011 | number of children in the household | preloaded |
aa08a012 | composition of the household | preloaded |
aa08a013 | partner | preloaded |
aa08a014 | household nett income per month | preloaded |
aa08a015 | inc: Total household monthly income after taxes. If retired, then total household monthly income after taxes divided by .85. | preloaded |
aa08a016 | prof1_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 |
aa08a017 | prof1_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 |
aa08a018 | prof1_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 |
aa08a019 | prof1_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 |
aa08a020 | prof1_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 |
aa08a021 | prof1_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 |
aa08a022 | prof1_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 |
aa08a023 | prof1_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 |
aa08a024 | prof1_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 |
aa08a025 | prof1_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 |
aa08a026 | prof1_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 |
aa08a027 | prof1_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 |
aa08a028 | Prof2_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 |
aa08a029 | Prof2_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 |
aa08a030 | Prof2_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 |
aa08a031 | Prof2_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 |
aa08a032 | Prof2_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 |
aa08a033 | Prof2_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 |
aa08a034 | Prof2_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 |
aa08a035 | Prof2_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 |
aa08a036 | Prof2_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 |
aa08a037 | Prof2_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 |
aa08a038 | Prof2_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 |
aa08a039 | Prof2_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 |
aa08a040 | Bracket: 30 percent of inc, rounded. | preloaded |
aa08a041 | rate1_h: 95 percent of inc, rounded | preloaded |
aa08a042 | rate1_l: 80 percent of inc, rounded | preloaded |
aa08a043 | rate2_h: 105 percent of inc, rounded | preloaded |
aa08a044 | rate2_l: 75 percent of inc, rounded | preloaded |
aa08a045 | rate3_h: 115 percent of inc, rounded | preloaded |
aa08a046 | rate3_l: 70 percent of inc, rounded | preloaded |
aa08a047 | rate4_h: 125 percent of inc, rounded | preloaded |
aa08a048 | rate4_l: 65 percent of inc, rounded | preloaded |
aa08a049 | rate5_h: 150 percent of inc, rounded | preloaded |
aa08a050 | rate5_l: 50 percent of inc, rounded | preloaded |
aa08a051 | rra_s: 85 percent of inc, rounded | preloaded |
aa08a052 | rra_rl: 70 percent of inc, rounded | preloaded |
aa08a053 | rra_rh: 100 percent of inc, rounded | preloaded |
aa08a054 | spendw_w: 100 percent of inc, rounded | preloaded |
aa08a055 | spendw_j: 60 percent of inc, rounded, plus 100 Euros | preloaded |
aa08a056 | spendr: 60 percent of inc, rounded | preloaded |
aa08a057 | climref_: 0.5 percent of inc, rounded | preloaded |
aa08a058 | climrefa: 2.5 percent of inc, rounded | preloaded |
aa08a059 | How much have you thought about retirement? | directly measured |
aa08a060 | When retired, I would be ready to move to another apartment or house in order to reduce spending on housing | directly measured |
aa08a061 | How do you expect housing costs to be for you when you will be retired? | directly measured |
aa08a062 | expectation housing cost lower/higher | directly measured |
aa08a063 | minimal level of monthly spending | directly measured |
aa08a064 | lower, equal, or higher than current spending | directly measured |
aa08a065 | how much lower | directly measured |
aa08a066 | I tried to project our needs for housing, food, insurance etc. and add them up | directly measured |
aa08a067 | I thought we would need a fraction of our current monthly expenditures | directly measured |
aa08a068 | I thought we would need a fraction of our current monthly income | directly measured |
aa08a069 | I was recalling advice I got from an expert of financial planning website | directly measured |
aa08a070 | I reffered to numbers that appeared in the previous conditions and that looked sensible to me | directly measured |
aa08a071 | first choice interest 1% | directly measured |
aa08a072 | second choice interest 1% | directly measured |
aa08a073 | first choice interest 1% | directly measured |
aa08a074 | second choice interest 1% | directly measured |
aa08a075 | choice between first option and new option interest 1% | directly measured |
aa08a076 | choice between first option and new option interest 1% | directly measured |
aa08a077 | choice between first option and new option interest 1% | directly measured |
aa08a078 | choice between first option and new option interest 1% | directly measured |
aa08a079 | first choice second question interest 6% | directly measured |
aa08a080 | second choice second question interest 6% | directly measured |
aa08a081 | first choice second question interest 6% | directly measured |
aa08a082 | second choice second question interest 6% | directly measured |
aa08a083 | choice between first option and new option second question interest 6% | directly measured |
aa08a084 | choice between first option and new option second question interest 6% | directly measured |
aa08a085 | choice between first option and new option second question interest 6% | directly measured |
aa08a086 | choice between first option and new option second question interest 6% | directly measured |
aa08a087 | Even if I spent a long time thinking about those questions, I would not know what I should answer | directly measured |
aa08a088 | satisfaction pension 90% ^rate1_h euro per maand, 10% rate1_l | directly measured |
aa08a089 | satisfaction pension 90% ^rate2_h euro per maand, 10% rate2_l | directly measured |
aa08a090 | satisfaction pension 90% ^rate3_h euro per maand, 10% rate3_l | directly measured |
aa08a091 | satisfaction pension 90% ^rate4_h euro per maand, 10% rate4_l | directly measured |
aa08a092 | satisfaction pension 90% ^rate5_h euro per maand, 10% rate5_l | directly measured |
aa08a093 | Even if I spent a long time thinking about those questions, I would not know what I should answer | directly measured |
aa08a094 | ^rra_s euro or 50% chance ^rra_rl euro | directly measured |
aa08a095 | ^rra_s euro or 40% chance ^rra_rl euro | directly measured |
aa08a096 | ^rra_s euro or 30% chance ^rra_rl euro | directly measured |
aa08a097 | ^rra_s euro or 20% chance ^rra_rl euro | directly measured |
aa08a098 | ^rra_s euro or 10% chance ^rra_rl euro | directly measured |
aa08a099 | 50% chance ^rra_rl euro or ^rra_s | directly measured |
aa08a100 | 40% chance ^rra_rl euro or ^rra_s | directly measured |
aa08a101 | 30% chance ^rra_rl euro or ^rra_s | directly measured |
aa08a102 | 20% chance ^rra_rl euro or ^rra_s | directly measured |
aa08a103 | 10% chance ^rra_rl euro or ^rra_s | directly measured |
aa08a104 | Even if I spent a long time thinking about those questions, I would not know what I should answer | directly measured |
aa08a105 | It is obvious that Jan will be much more satisfied with his financial situation during retirement than Wim | directly measured |
aa08a106 | Many questions did not make sense to me | directly measured |
aa08a107 | Many questions were too abstract for me | directly measured |
aa08a108 | I generally do not like to think about old-age provision | directly measured |
aa08a109 | I find it very difficult to imagine how much money I would want to have during retirement | directly measured |
aa08a110 | I like to take some responsibility for my old-age provision. | directly measured |
aa08a111 | monthly contribution global warming without reference point, no problems, no joint efforts | directly measured |
aa08a112 | monthly contribution global warming without reference point, no problems, joint efforts | directly measured |
aa08a113 | monthly contribution global warming without reference point, problems, no joint efforts | directly measured |
aa08a114 | monthly contribution global warming without reference point, problems, joint efforts | directly measured |
aa08a115 | monthly contribution global warming low reference point, no problems, no joint efforts | directly measured |
aa08a116 | monthly contribution global warming low reference point, no problems, joint efforts | directly measured |
aa08a117 | monthly contribution global warming low reference point, problems, no joint efforts | directly measured |
aa08a118 | monthly contribution global warming low reference point, problems, joint efforts | directly measured |
aa08a119 | monthly contribution global warming high reference point, no problems, no joint efforts | directly measured |
aa08a120 | monthly contribution global warming high reference point, no problems, joint efforts | directly measured |
aa08a121 | monthly contribution global warming high reference point, problems, no joint efforts | directly measured |
aa08a122 | monthly contribution global warming high reference point, problems, joint efforts | directly measured |
aa08a123 | difficult questions | directly measured |
aa08a124 | clear questions | directly measured |
aa08a125 | think about questionnaire | directly measured |
aa08a126 | interesting topic | directly measured |
aa08a127 | pleasant questionnaire | directly measured |
aa08a128 | begin date questionnaire | constructed |
aa08a129 | begin time questionnaire | constructed |
aa08a130 | end date questionnaire | constructed |
aa08a131 | end time questionnaire | constructed |
Questions
Questionnaire: Old-age income
This questionnaire was originally conducted in Dutch.
Browse Old-age incomeResponse 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
Between Goals and Expectations - Essays on Pensions and Retirement ; Bresser, J.R. de
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.
Cutting One's Coat According to One's Cloth: How did the Great Recession affect retirement resources and expenditure goals? Netspar Academic Series no. 05/2018-029; Bresser J. de,
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.
Cutting one’s coat according to one’s cloth – How did the great recession affect retirement resources and expenditure goals? Journal of Economic Behavior & Organization, 188, 126-166; de Bresser, J.,
et al.