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Patrimonio en planes de pensiones privados individuales, nivel educativo y hábitos financieros de las familias en España

In: Investigaciones de Economía de la Educación 10

Author

Listed:
  • Dolores Moreno-Herrero

    (Universidad de Granada)

  • Manuel Salas-Velasco

    (Universidad de Granada)

  • José Sánchez Campillo

    (Universidad de Granada)

Abstract

El progresivo envejecimiento de la población en los países desarrollados está conduciendo a graves dificultades financieras en los sistemas públicos de pensiones de reparto, y a continuas reformas de los mismos. Los planes de pensiones privados son una alternativa para materializar el ahorro de las familias a largo plazo, y los gobiernos los incentivan fiscalmente convencidos de su bondad. La extensión de los planes de pensiones privados a importantes capas de la sociedad contribuye a incrementar el ahorro familiar y, de cara al futuro, las previsibles reducciones de las pensiones públicas serán más fácilmente asumibles por el conjunto de la sociedad. Una población cada vez más envejecida, junto con las bajas tasas de actividad y el alto desempleo estructural de su economía, hacen especialmente vulnerable el sistema público de pensiones en España. En este trabajo se exploran las variables socioeconómicas que explican el hecho de tener planes de pensiones privados por parte de las familias españolas. En concreto, utilizando los microdatos recientes de la EFF del Banco de España de 2011, se estudian las decisiones de ahorro en planes de pensiones privados individuales. Los resultados de la estimación de un modelo logit proporcionan evidencia de la existencia de una fuerte asociación positiva entre los niveles educativos más altos y la participación voluntaria de los hogares en planes de pensiones privados, controlando por el nivel de renta y riqueza y otros indicadores sobre el comportamiento financiero de las familias. Sin embargo, la metodología de Heckman muestra que la cuantía invertida en planes de pensiones privados, una vez corregida la autoselección, no responde al nivel educativo pero sí a la renta y riqueza de los hogares, junto a otras variables de hábitos financieros y, probablemente, con las políticas comerciales de las entidades financieras a favor de los planes de pensiones individuales.

Suggested Citation

  • Dolores Moreno-Herrero & Manuel Salas-Velasco & José Sánchez Campillo, 2015. "Patrimonio en planes de pensiones privados individuales, nivel educativo y hábitos financieros de las familias en España," Investigaciones de Economía de la Educación volume 10, in: Marta Rahona López & Jennifer Graves (ed.), Investigaciones de Economía de la Educación 10, edition 1, volume 10, chapter 43, pages 843-864, Asociación de Economía de la Educación.
    • Handle: RePEc:aec:ieed10:10-43
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    References listed on IDEAS

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    3. Manuel Salas Velasco, 2004. "Rendimientos privados de las inversiones en educación superior a partir de ecuaciones de ingresos," Hacienda Pública Española / Review of Public Economics, IEF, vol. 169(2), pages 87-117, June.
    4. Sartori, Anne E., 2003. "An Estimator for Some Binary-Outcome Selection Models Without Exclusion Restrictions," Political Analysis, Cambridge University Press, vol. 11(2), pages 111-138, April.
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    More about this item

    Keywords

    Planes de pensiones privados; conocimiento y cultura financiera; hábitos financieros; método Heckman en dos etapas;
    All these keywords.

    JEL classification:

    • I29 - Health, Education, and Welfare - - Education - - - Other
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household

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