Torben Heien Nielsen to TV2 News: Increase in retirement savings
Recent figures from pension funds show that retirement savings are increasing. Still, one pension fund claims that we are saving too little.
Torben Heien Nielsen was interviewed by TV2 News and gave his insights to which consequences increased savings behaviors could have for society more broadly:
Could we actually save too much for retirement? Perhaps, yes, if wealth of the individual is so high that they retire earlier than they otherwise would have. However, it depends on where we look in the income distribution.
Beyond Nielsen’s prior research on retirement savings behaviors, CEBI research has a lot to say about the societal impacts of retirement savings, which is closely related to aspects of financial behavior and consumption behavior. This includes a series of papers by Søren Leth-Petersen, Ida Hartmann, Camilla Skovbo Christensen, Johan Sæverud and Asger Lau Andersen.
You can read more about the research here:
Subjective Earnings Risk, Andrew Caplin, Victoria Gregory, Eunik Lee, Søren Leth-Petersen & Johan Sæverud, CEBI Working Paper Series, CEBI WP 01/23
Subjective Unemployment Expectations and (SELF) Insurance, Ida Maria Hartman & Søren Leth-Petersen, CEBI Working Paper Series, CEBI WP 25/22
Communicating Social Security Reform, Andrew Caplin, Eunik Lee, Søren Leth-Petersen & Johan Sæverud, CEBI Working Paper Series, CEBI WP 19/22
Do Tax Subsidies for Retirement Saving Impact Total Private Saving? New Evidence on Middle Income Workers, Camilla Skovbo Christensen & Bastian Emil Ellegaard, CEBI Working Paper Series, CEBI WP 17/22