Childhood self-control and adult pension participation

Citation

Egan M, Delaney L & Daly M (2017) Childhood self-control and adult pension participation. Economics Letters, 161, pp. 102-104. https://doi.org/10.1016/j.econlet.2017.09.025

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

Journal
Economics Letters: Volume 161