The overall objective of the research in the network is to improve our postdoctoral researchers joining the participating teams. The teams in the understanding of financial decision making by individuals and households, in particular with respect to savings, investment (portfolio choice), and network ail have ample experience in the area and provide adequate research facilities. This provides an ideal environmnent for training of young the provision for old age. The objective is motivated by the greying of researchers. Furthermore, we plan frequent workshops involving all teams, the population of the EU and the ensuing concern for the income position of the future generations of the elderly, and by the goals of the financial so the postdocs will have frequent exposure to the research of other sector (including banks and pension funds) to provide financial services teams in the network.
to households that are adequate in view of the way in which these households view their future and make their decisions.
On the basis of micro-datasets from different countries both fundamental and applied research into household and individual financial decision making will be undertaken. Partly researchers will use datasets from their own country in a cross-country comparison framework, partly the same (very extensive) data set will be used by different teams. Furthermore, laboratory experiments will be part of the project and economists, econometricians, and psychologists will collaborate. The fundamental research topics studied include the precautionary, bequest and other motives for saving, experimental work on time preference, risk aversion, and decision making about savings. The applied work will include the relation between private savings and pension provisions; portfolio choice, diversification and taxes; saving behaviour and wealth position of the elderly; asset accumulation, early retirement schemes and labour supply; labour supply, liquidity constraints, savings and housing demand.
Funding SchemeNET - Research network contracts
751 20 Uppsala
YO1 5DD York