Many European countries are currently transferring their pay-as-you-go public pension system to a three-pillar-system of public, occupational, and private pensions. In Germany, economists expect a pension gap for future retiree cohorts as public pensions will decrease and private old age...

This study expands the literature on the determinants of educational attainment by analyzing the effects of birth order in Germany. These effects are typically attributed to sibling rivalry for parental resources. Using data from the German Life History Study on birth cohorts 1945-1978, we find...