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Web Survey Bibliography

Title Probabilistic survey questions and incorrect answers: Retirement income replacement rates
Year 2012
Database ScienceDirect
Access date 25.02.2013

We study responses to subjective retirement income replacement rate expectations questions in a survey of Dutch employees. One out of three respondents is unable to provide probabilities satisfying the requirements of a cumulative distribution function. We show that using probabilistic survey questions yields an endogenous sample selection when these individuals are removed from the sample, biasing the results toward more pessimistic expectations and excess uncertainty in the replacement rate. These biases are most prevalent for less-educated individuals.

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Year of publication2012
Bibliographic typeJournal article
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