Pension-related decision making of financially strained citizens

The Dutch pension system has recently undergone significant changes, increasing citizens’ responsibility for their own pension planning. While this shift may empower some, it presents substantial challenges for others, especially those under financial strain. This project aims to understand how policymakers can better understand and accommodate the preferences of these individuals, ensuring they are not marginalized in the new pension framework. It focuses on assessing their risk preference measurements, understanding their interpretations of uncertain pension outcomes, and analyzing their daily decision-making processes.