Belke, Ansgar; Dreger, Christian; Ochmann, Richard - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012
way, as the permanent income hypothesis suggests. Most prominently, older households tend to increase their savings in the …This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using … the savings rate is not homogeneous. On average, the effect attributed to real estate dominates the other components of …