Abstract
PurposeThis research contributes to the existing literature on the connection between trust and investment activities by exploring the effect of trust in the retirement system on dwelling investments.Design/methodology/approachThis study utilizes data including 28 OECD countries from 2009 to 2020, and employs panel fixed effects and GMM estimators.FindingsThe analysis reveals a negative relationship between trust in the retirement system and investment in dwellings. Notably, this is found to be more evident in countries that promote neo-liberalized welfare systems.Practical implicationsThe implications of our results are particularly relevant for policymakers and international construction firms.Originality/valueThe primary contribution of this paper extends the “trust–pension investment behavior” nexus. We explore whether individuals with diminished trust in the retirement system consider investing in the property market as an alternative means to safeguard their financial well-being during retirement.
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