TY - JOUR
T1 - What drives retirement income worries in Europe? A multilevel analysis
AU - Hershey, D.
AU - Henkens, C.J.I.M.
AU - van Dalen, H.P.
N1 - Reporting year: 2010
PY - 2010
Y1 - 2010
N2 - Nations in Europe have been developing rapidly since the formation of the European Union (EU), not only socially and demographically, but economically as well. One question a number of countries will face during this period of structural transition will be how (and how
well) they are able to support their citizens in old age. A related question involves whether individuals worry about their financial future in retirement, and the extent to which
they take active steps to save in order to ensure an adequate standard of living. In this study, we analyze data from the third wave of the European Social Survey, which represents 21,416 working adults from 23 countries in Europe. We used multilevel modeling to focus on the explanatory factors that underlie individual and country-level effects in worry about future retirement income and saving behavior. Findings suggest that once individual-level dimensions are taken into account, country-level predictors explain
appreciable variance in worry, but not saving practices.
keywords: retirement income; worry; saving Europe; economic;multilevel modeling
AB - Nations in Europe have been developing rapidly since the formation of the European Union (EU), not only socially and demographically, but economically as well. One question a number of countries will face during this period of structural transition will be how (and how
well) they are able to support their citizens in old age. A related question involves whether individuals worry about their financial future in retirement, and the extent to which
they take active steps to save in order to ensure an adequate standard of living. In this study, we analyze data from the third wave of the European Social Survey, which represents 21,416 working adults from 23 countries in Europe. We used multilevel modeling to focus on the explanatory factors that underlie individual and country-level effects in worry about future retirement income and saving behavior. Findings suggest that once individual-level dimensions are taken into account, country-level predictors explain
appreciable variance in worry, but not saving practices.
keywords: retirement income; worry; saving Europe; economic;multilevel modeling
U2 - 10.1007/s10433-010-0167-z
DO - 10.1007/s10433-010-0167-z
M3 - Article
SN - 1613-9372
VL - 7
SP - 301
EP - 311
JO - European Journal of Ageing
JF - European Journal of Ageing
IS - 4
ER -