Expectations about Old-Age Income
Single Wave Study
General Information
Title
Expectations about Old-Age Income
Project Number
157
Abstract
This questionnaire is partially a repetition of a measurement in 2008 (see aa08a), with new additional questions. The goal is to determine whether people have changed their retirement needs and
ambitions under the influence of the
changing economic situation in the
period 2008-2014.
Longitudinal Type
Single Wave Study
Begin date
01-12-2014
End date
31-12-2014
Researcher
Marike Knoef
Publisher
CentERdata
Copyright
© 2017 CentERdata
Funding Organization
CentERdata/MESS Project
Netspar
Leiden University
Netspar
Leiden University
DOI
https://doi.org/10.17026/dans-za3-7xn2
Datasets and documentation
View Documentation
Codebook in English
Codebook in Dutch
Data Files
English SPSS file
English STATA file
Variables
| Variable name | Variable Label | Variable Type |
|---|---|---|
| nomem_encr | Number of the household member encrypted | preloaded |
| lp14a_m | Year and month of the field work period | constructed |
| lp14a001 | lp14a001 is calculated as 30% of the current household income; for retired persons the amount is divided by .85. | constructed |
| lp14a002 | Position in the household | preloaded |
| lp14a003 | Primary occupation | preloaded |
| lp14a004 | Domestic situation | preloaded |
| lp14a005 | Age of the household member | preloaded |
| lp14a006 | Net monthly household income in Euros | preloaded |
| lp14a007 | imputed net monthly household income in Euros | preloaded |
| lp14a008 | if lp14a021=response: lp14a008=lp14a021/ if lp14a021=empty and lp14a019=response: lp14a008=lp14a019/ if lp14a021=empty and lp14a019=empty and lp14a014=response: lp14a008=lp14a014 | constructed |
| lp14a009 | if lp14a022=response: lp14a009=lp14a022/ if lp14a022=empty and lp14a020=response: lp14a009=lp14a020 | constructed |
| lp14a010 | How much have you thought about retirement? | directly measured |
| lp14a011 | When retired, [my partner/spouse and] I would be ready to move to another apartment or house in order to reduce spending on housing. | directly measured |
| lp14a012 | Please think about the first ten years when you will be retired. What do you expect housing costs to be for you [and your partner/spouse]? Will they be lower than today, about equal, or higher? | directly measured |
| lp14a013 | Can you indicate roughly by how much you expect housing costs to be [if lp14a012=1: lower/ if lp14a012=3: higher]? | directly measured |
| lp14a014 | What is the minimal level of monthly spending that [you and you partner/spouse / you] would never want to fall below during retirement? | directly measured |
| lp14a015 | Can you indicate if this minimal amount of spending during retirement would be lower, about the same, or higher than your current expenditures? | directly measured |
| lp14a016 | [if lp14a003=9: How much lower than your current expenditures is this minimal amount of spending? / if lp14a003≠9: How much lower do you think this minimal amount of spending during retirement will be?] | directly measured |
| lp14a017 | [if lp14a003=9: How much higher than your current expenditures is this minimal amount of spending? / if lp14a003≠9: How much higher do you think this minimal amount of spending during retirement will be?] | directly measured |
| lp14a018 | When answering the previous question, did you take into account possible own contributions to healthcare and healthcare costs not reimbursed by your insurance? | directly measured |
| lp14a019 | What is the minimal amount per month that [you and your partner/spouse / you] would absolutely want to spend during retirement without taking into account spending on health care? | directly measured |
| lp14a020 | This question is about the total amount of spending that applies to you [if (lp14a004=2 or 3) and (lp14a002<4): and your partner] during retirement. What level of spending after retirement would be satisfactory to you [and your partner]? | directly measured |
| lp14a021 | minimal amount of spending after retirement: euro per month | directly measured |
| lp14a022 | spending that would be satisfactory to you after retirement: euro per month | directly measured |
| lp14a023 | Please indicate if during your retirement you would be satisfied with an amount of spending that is lower, about the same or higher than your current amount of spending? | directly measured |
| lp14a024 | How much lower would be satisfactory to you? | directly measured |
| lp14a025 | How much higher would be satisfactory to you? | directly measured |
| lp14a026 | I tried to estimate [our/my] spending for housing, food, insurance etc. and to add them up. | directly measured |
| lp14a027 | I thought [we/I] would need a fraction of our current monthly expenditures. | directly measured |
| lp14a028 | I thought [we/I] would need a fraction of our current monthly income. | directly measured |
| lp14a029 | I was recalling advice that I got from an expert or something I read. | directly measured |
| lp14a030 | With regard to the previous questions on spending during your retirement, to what extent do you agree or disagree with the following statement: Even if I spent long time thinking about those questions, I would not know what I should answer. | directly measured |
| lp14a031 | Do [you or your partner/you] experience problems with daily activities or with your overall mobility as a consequence of health problems? Or have [you or your partner (at the time)/you] had such problems in the past? | directly measured |
| lp14a032 | Please indicate for each of the categories below if [your or your partner’s/your] health limitations have led to higher or lower consumptive needs. Eating and drinking | directly measured |
| lp14a033 | Please indicate for each of the categories below if [your or your partner’s/your] health limitations have led to higher or lower consumptive needs. Clothing and shoes | directly measured |
| lp14a034 | Please indicate for each of the categories below if [your or your partner’s/your] health limitations have led to higher or lower consumptive needs. Housing | directly measured |
| lp14a035 | Please indicate for each of the categories below if [your or your partner’s/your] health limitations have led to higher or lower consumptive needs. Insurance | directly measured |
| lp14a036 | Please indicate for each of the categories below if [your or your partner’s/your] health limitations have led to higher or lower consumptive needs. Hobbies and leisure | directly measured |
| lp14a037 | Please indicate for each of the categories below if [your or your partner’s/your] health limitations have led to higher or lower consumptive needs. Communication | directly measured |
| lp14a038 | Please indicate for each of the categories below if [your or your partner’s/your] health limitations have led to higher or lower consumptive needs. Transport | directly measured |
| lp14a039 | Have [your or your partner’s/your] health limitations led to lower or higher overall consumptive needs? | directly measured |
| lp14a040 | Was it easier or more difficult to make ends meet for [you or your partner (at the time)/you] as a consequence of [your or your partner’s/your] health limitations? | directly measured |
| lp14a041 | Please indicate for each of the categories below if [your or your partner’s/your] health limitations would lead to higher or lower consumptive needs. Eating and drinking | directly measured |
| lp14a042 | Please indicate for each of the categories below if [your or your partner’s/your] health limitations would lead to higher or lower consumptive needs. Clothing and shoes | directly measured |
| lp14a043 | Please indicate for each of the categories below if [your or your partner’s/your] health limitations would lead to higher or lower consumptive needs. Housing | directly measured |
| lp14a044 | Please indicate for each of the categories below if [your or your partner’s/your] health limitations would lead to higher or lower consumptive needs. Insurance | directly measured |
| lp14a045 | Please indicate for each of the categories below if [your or your partner’s/your] health limitations would lead to higher or lower consumptive needs. Hobbies and leisure | directly measured |
| lp14a046 | Please indicate for each of the categories below if [your or your partner’s/your] health limitations would lead to higher or lower consumptive needs. Communication | directly measured |
| lp14a047 | Please indicate for each of the categories below if [your or your partner’s/your] health limitations would lead to higher or lower consumptive needs. Transport | directly measured |
| lp14a048 | Do you think [your or your partner’s/your] health limitations would lead to lower or higher overall consumptive needs? | directly measured |
| lp14a049 | Do you think it would be easier or more difficult to make ends meet for [you and your partner (at the time)/you] as a consequence of [your or your partner’s/your] health limitations? | directly measured |
| lp14a050 | How high would you estimate the chance that you would need paid longterm personal care for more than 1 year? | directly measured |
| lp14a051 | How high would you estimate the change that you would need paid longterm personal care for more than 3 years? | directly measured |
| lp14a052 | Imagine you will end up in a nursing home. How much extra could and would you want to pay for extra luxury? euro extra per month at most | directly measured |
| lp14a053 | Have [you and your partner/you] put money aside to provide for possible future health care costs? | directly measured |
| lp14a054 | How much money in total have [you and your partner/you] put aside for possible future health care costs? | directly measured |
| lp14a055 | With regard to the previous questions about limitations in daily activities: Even if I spent long time thinking about those questions, I would not know what I should answer. | directly measured |
| lp14a056 | With which pension funds/insurers [do/did] you have an arrangement in your [current/last] job? (More than one answer possible) ABP | directly measured |
| lp14a057 | With which pension funds/insurers [do/did] you have an arrangement in your [current/last] job? (More than one answer possible) PGGM & Pensioenfonds Zorg en Welzijn | directly measured |
| lp14a058 | With which pension funds/insurers [do/did] you have an arrangement in your [current/last] job? (More than one answer possible) Metaal en Techniek | directly measured |
| lp14a059 | With which pension funds/insurers [do/did] you have an arrangement in your [current/last] job? (More than one answer possible) Horeca en catering | directly measured |
| lp14a060 | With which pension funds/insurers [do/did] you have an arrangement in your [current/last] job? (More than one answer possible) Detailhandel | directly measured |
| lp14a061 | With which pension funds/insurers [do/did] you have an arrangement in your [current/last] job? (More than one answer possible) Bouwnijverheid | directly measured |
| lp14a062 | With which pension funds/insurers [do/did] you have an arrangement in your [current/last] job? (More than one answer possible) Pensioenfonds voor personeelsdiensten | directly measured |
| lp14a063 | With which pension funds/insurers [do/did] you have an arrangement in your [current/last] job? (More than one answer possible) Pensioenfonds van de Metalelektro (PME) | directly measured |
| lp14a064 | With which pension funds/insurers [do/did] you have an arrangement in your [current/last] job? (More than one answer possible) Pensioenfonds Metaal en Techniek (PMT) | directly measured |
| lp14a065 | With which pension funds/insurers [do/did] you have an arrangement in your [current/last] job? (More than one answer possible) Bedrijfstakpensioenfonds voor het beroepsvervoer over de weg | directly measured |
| lp14a066 | With which pension funds/insurers [do/did] you have an arrangement in your [current/last] job? (More than one answer possible) Bedrijfstakpensioenfonds voor het schoonmaak- en glazenwassersbedrijf | directly measured |
| lp14a067 | With which pension funds/insurers [do/did] you have an arrangement in your [current/last] job? (More than one answer possible) Tandartsen en Tandarts-specialisten of Tandtechniek | directly measured |
| lp14a068 | With which pension funds/insurers [do/did] you have an arrangement in your [current/last] job? (More than one answer possible) Other, namely: | directly measured |
| lp14a069 | With which pension funds/insurers [do/did] you have an arrangement in your [current/last] job? (More than one answer possible) Don’t know | directly measured |
| lp14a070 | With which pension funds/insurers [do/did] you have an arrangement in your [current/last] job? (More than one answer possible) None | directly measured |
| lp14a071 | With which other pension fund/insurer do you have an arrangement? | directly measured |
| lp14a072 | Have you made other pension provisions apart from or in addition to a regular employee pension? | directly measured |
| lp14a073 | Which of the following pension provisions have you made in addition to the regular employee pension? (More than one answer possible) annuity | directly measured |
| lp14a074 | Which of the following pension provisions have you made in addition to the regular employee pension? (More than one answer possible) life insurance | directly measured |
| lp14a075 | Which of the following pension provisions have you made in addition to the regular employee pension? (More than one answer possible) life annuity | directly measured |
| lp14a076 | Which of the following pension provisions have you made in addition to the regular employee pension? (More than one answer possible) extra pension rights through employer | directly measured |
| lp14a077 | Which of the following pension provisions have you made in addition to the regular employee pension? (More than one answer possible) I have made provisions different from those mentioned above | directly measured |
| lp14a078 | Which of the following pension provisions have you made in addition to the regular employee pension? (More than one answer possible) I (partly) paid off my house to ensure low housing costs after retirement | directly measured |
| lp14a079 | Which of the following pension provisions have you made in addition to the regular employee pension? (More than one answer possible) don’t know | directly measured |
| lp14a080 | At what age do you wish to retire/stop working? | directly measured |
| lp14a081 | And at what age do you expect to retire/stop working? | directly measured |
| lp14a082 | At what age did you retire? | directly measured |
| lp14a083 | If you were to retire at the age of [lp14a081], how high would you estimate the chance that [you and your partner/you] would have less to spend after retirement than [minimal consumption - 30%] euro per month? | directly measured |
| lp14a084 | If you were to retire at the age of [lp14a081], how high would you estimate the chance that [you and your partner/you] would have less to spend after retirement than [minimal consumption] euro per month? | directly measured |
| lp14a085 | If you were to retire at the age of [lp14a081], how high would you estimate the chance that [you and your partner/you] would have less to spend after retirement than [(minimal + desired consumption)/2] euro per month? | directly measured |
| lp14a086 | If you were to retire at the age of [lp14a081], how high would you estimate the chance that [you and your partner/you] would have less to spend after retirement than [desired consumption] euro per month? | directly measured |
| lp14a087 | Imagine [your and your partner’s/your] monthly spending after retirement is equal to [minimal consumption - 30%] euro. Which of the following categories best describes what you would think of such a level? | directly measured |
| lp14a088 | Imagine [your and your partner’s/your] monthly spending after retirement is equal to [minimal consumption] euro. Which of the following categories best describes what you would think of such a level? | directly measured |
| lp14a089 | Imagine [your and your partner’s/your] monthly spending after retirement is equal to [(minimal + desired consumption)/2] euro. Which of the following categories best describes what you would think of such a level? | directly measured |
| lp14a090 | Imagine [your and your partner’s/your] monthly spending after retirement is equal to [desired consumption] euro. Which of the following categories best describes what you would think of such a level? | directly measured |
| lp14a091 | [if lp14a003≠9: How much would you dislike it/ if lp14a003=9: How much would you have disliked] to have to work for one more year in order to make up for a possible pension shortage? | directly measured |
| lp14a092 | [if lp14a003≠9: How much would you dislike it/ if lp14a003=9: How much would you have disliked] to have to work for two more years in order to make up for a possible pension shortage? | directly measured |
| lp14a093 | What gross amount do you think [you and your partner/you] will receive monthly in old age pension? | directly measured |
| lp14a094 | With regard to the previous questions on expectations about your pension, to what extent do you agree or disagree with the following statement: Even if I spent long time thinking about those questions, I would not know what I should answer. | directly measured |
| lp14a095 | I am prepared to risk losing money if there is also a chance of winning money. | directly measured |
| lp14a096 | I find it more important to safely invest my pension capital and have guaranteed returns than to take risks in hope of getting the highest returns. | directly measured |
| lp14a097 | People use different horizons when making decisions. Which of the following time periods is most important to you in planning the spending and savings in your household? | directly measured |
| lp14a098 | When would you want to think about your retirement income? (more than one answer possible) At the age of .. years | directly measured |
| lp14a099 | When would you want to think about your retirement income? (more than one answer possible) When changing jobs/employer | directly measured |
| lp14a100 | When would you want to think about your retirement income? (more than one answer possible) If I start living together/get married | directly measured |
| lp14a101 | When would you want to think about your retirement income? (more than one answer possible) When a child is born | directly measured |
| lp14a102 | When would you want to think about your retirement income? (more than one answer possible) When buying a house | directly measured |
| lp14a103 | When would you want to think about your retirement income? (more than one answer possible) When getting divorced | directly measured |
| lp14a104 | When would you want to think about your retirement income? (more than one answer possible) Never | directly measured |
| lp14a105 | At what age would you want to think about your retirement income? | directly measured |
| lp14a106 | With regard to the previous questions on risks and planning, to what extent do you agree or disagree with the following statement: Even if I spent long time thinking about those questions, I would not know what I should answer. | directly measured |
| lp14a107 | Do you have a mortgage? | directly measured |
| lp14a108 | What type of mortgage do you have? (More than one answer possible) Improved life-insurance mortgage / Bank savings mortgage | directly measured |
| lp14a109 | What type of mortgage do you have? (More than one answer possible) Investment mortgage | directly measured |
| lp14a110 | What type of mortgage do you have? (More than one answer possible) Interest only mortgage | directly measured |
| lp14a111 | What type of mortgage do you have? (More than one answer possible) Linear mortgage | directly measured |
| lp14a112 | What type of mortgage do you have? (More than one answer possible) Annuity mortgage | directly measured |
| lp14a113 | What type of mortgage do you have? (More than one answer possible) Other, namely | directly measured |
| lp14a114 | What type of mortgage do you have? (More than one answer possible) Don’t know | directly measured |
| lp14a115 | What type of mortgage do you have? | directly measured |
| lp14a116 | Have you saved money in the past year? | directly measured |
| lp14a117 | To bequeath valuable assets and/or money. | directly measured |
| lp14a118 | To give presents or gifts to your (grand)children or to help them if they have financial difficulties. | directly measured |
| lp14a119 | In order to cover planned high expenses in the future. | directly measured |
| lp14a120 | To cover unexpected expenses. | directly measured |
| lp14a121 | To supplement your general old-age pension. | directly measured |
| lp14a122 | To cover possible health care expenses. | directly measured |
| lp14a123 | To provide a living for your (surviving) partner. | directly measured |
| lp14a124 | How much in total do [you and your partner/you] plan to leave behind as inheritance? | directly measured |
| lp14a125 | Have you been divorced in the past? | directly measured |
| lp14a126 | Have the pension rights that were built up during the marriage been divided after the divorce? | directly measured |
| lp14a127 | With regard to the previous questions on mortgages, savings and inheritance, to what extent do you agree or disagree: Even if I spent long time thinking about those questions, I would not know what I should answer. | directly measured |
| lp14a128 | A lot of questions were not clear to me. | directly measured |
| lp14a129 | A lot of questions were too abstract for me. | directly measured |
| lp14a130 | I generally do not like to think about my retirement. | directly measured |
| lp14a131 | I find it very difficult to estimate how much money I would need when I’m retired. | directly measured |
| lp14a132 | I want to take responsibility for my retirement, e.g. deciding how much money I save and how I invest it. | directly measured |
| lp14a133 | Was it difficult to answer the questions? | directly measured |
| lp14a134 | Were the questions sufficiently clear? | directly measured |
| lp14a135 | Did the questionnaire get you thinking about things? | directly measured |
| lp14a136 | Was it an interesting subject? | directly measured |
| lp14a137 | Did you enjoy answering the questions? | directly measured |
| lp14a138 | Starting date questionnaire | constructed |
| lp14a139 | Starting time questionnaire | constructed |
| lp14a140 | End date questionnaire | constructed |
| lp14a141 | End time questionnaire | constructed |
| lp14a142 | Duration in seconds | derived |
Questions
Questionnaire: Expectations about Old-Age Income
This questionnaire was administered in Dutch
Browse Expectations about Old-Age IncomeResponse Information
Response Overview
Selected number of household members: 5,867 (100%)Non-response: 1,155 (19.7%)
Response: 4,712 (80.3%)
Complete: 4,619 (78.7%)
Incomplete: 93 (1.6%)
Collection Events
Period
01-12-2014 to 31-12-2014
Sample
Panel members of 25 years and older with a net monthly income higher then 800 euro (nettohh>800 or nettohh_f>800) and position=1, 2, or 3 (head of household and her or his (un)married partner.
Collection Mode
internet survey
Fieldwork Note
a reminder was sent twice to non-respondents
Publications
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.
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.
Dutch households and sustainable home improvements Tilburg University; de Bruin, G.