Childhood self-control and adult pension participation

Leonhard Lades, Mark Egan, Liam Delaney and Michael Daly

Economics Letters, 2017, vol. 161, issue C, 102-104

Abstract: Self-control problems have been proposed as a key reason for low pension saving rates, yet evidence of this link remains scarce. We test the association between childhood self-control and adult pension participation using data from 14,223 individuals from two nationally-representative British cohorts. We find that a 1 standard deviation increase in self-control predicts a 4–5 percentage point higher probability of having a pension. Mediation analysis shows that about 50–60 percent of this association is explained by the contribution of self-control to a range of factors (e.g. education, economic status, home-ownership) which are associated with pension uptake throughout adulthood.

Keywords: Self-control; Pension; Retirement; Cohort studies (search for similar items in EconPapers)
JEL-codes: D14 D91 J26 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:161:y:2017:i:c:p:102-104

DOI: 10.1016/j.econlet.2017.09.025

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