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Maintaining One's Living Standard at Old Age - What Does That Mean?: Evidence Using Panel Data from Germany

Dudel, Christian; Ott, Notburga; Werding, Martin - Forschungsbasierte Infrastruktureinrichtung … - 2013

How much retirement income is needed in order to maintain one's living standard at old age? As it is difficult to find … replacement rate vis- a-vis income in the pre-retirement period. We subject indications regarding satisfaction with current income … the year of entry into retirement as a rather robust result, while replacement rates keeping the living standard unchanged …

Persistent link: https://www.econbiz.de/10010896232

Assessing Intergenerational Earnings Persistence among German Workers

Eisenhauer, Philipp; Pfeiffer, Friedhelm - Forschungsbasierte Infrastruktureinrichtung … - 2008

In this study we assess the relationship between father and son earnings among (West) German Workers. To reduce the lifecycle and attenuation bias a novel sampling procedure is developed and applied to the German Socio-Economic Panel (SOEP) 1984-2006. Our preferred point estimate indicates an...

Persistent link: https://www.econbiz.de/10005018704

The Impact on Earnings When Entering Self-Employment: Evidence for Germany

Martin, Johannes - Forschungsbasierte Infrastruktureinrichtung … - 2013

Using data of the German Socio-Economic Panel (GSOEP) earnings differentials between self-employed and wage-employed workers in the German labor market are explored. Previous research based on US data reports lower incomes for entrepreneurs. In contrast to that, the findings of this contribution...

Persistent link: https://www.econbiz.de/10010735265

Mortgage Market Maturity and Homeownership Inequality among Young Households: A Five-Country Perspective

Bicakova, Alena; Sierminska, Eva M. - Forschungsbasierte Infrastruktureinrichtung … - 2008

This paper uses the newly constructed Luxembourg Wealth Study data to document cross-country variation in homeownership rates and the homeownership-income inequality among young households in Finland, Germany, Italy, the UK and the US, and relate it to cross-country differences in mortgage...

Persistent link: https://www.econbiz.de/10005017492

Financial Risk Aversion and Household Asset Diversification

Barasinska, Nataliya; Schäfer, Dorothea; Stephan, Andreas - Forschungsbasierte Infrastruktureinrichtung … - 2008

This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first examine the impact of manifested risk aversion on the total number of distinct assets held in a portfolio (naive diversification). The second part of the paper focuses on a more...

Persistent link: https://www.econbiz.de/10005018697

Triggers and Determinants of Severe Household Indebtedness in Germany

Keese, Matthias - Forschungsbasierte Infrastruktureinrichtung … - 2009

Overindebted private households have created economic and political concern. Using measures of relative (over-) indebtedness which relate household income and debt services to different concepts of subsistence levels, this paper investigates whether severe household indebtedness is driven by...

Persistent link: https://www.econbiz.de/10008469700

Broke, Ill, and Obese: The Effect of Household Debt on Health

Keese, Matthias; Schmitz, Hendrik - Forschungsbasierte Infrastruktureinrichtung … - 2010

We analyze the effect of household indebtedness on different health outcomes using data from the German Socio-Economic Panel from 1999-2009. To establish a causal effect, we rely on (a) fixed-effects methods, (b) a subsample of constantly employed individuals, and (c) lagged debt variables to...

Persistent link: https://www.econbiz.de/10008788719

The Standard Portfolio Choice Problem in Germany

Huck, Steffen; Schmidt, Tobias; Weizsäcker, Georg - Forschungsbasierte Infrastruktureinrichtung … - 2014

We study behavior in an investment experiment conducted with a representative sample of German households (SOEP-IS). Respondents allocate a fixed budget between a safe asset and a risky asset whose returns are tied to the German stock market and earn monetary returns based on their decisions....

Persistent link: https://www.econbiz.de/10011129002

Savings and Consumption When Children Move Out

Rottke, Simon; Klos, Alexander - Forschungsbasierte Infrastruktureinrichtung … - 2013

they were young, retirement preparedness among them is a more serious concern than among childless individuals. …

Persistent link: https://www.econbiz.de/10010896273

Changing Identity: Retiring from Unemployment

Hetschko, Clemens; Knabe, Andreas; Schöb, Ronnie - Forschungsbasierte Infrastruktureinrichtung … - 2011

retirement years and find that, on average, employed people maintain their life satisfaction upon retirement, while long …

Persistent link: https://www.econbiz.de/10009293730