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savings for mating competition that is made more fierce by an increase in the male-to-female ratio in the pre-marital cohort …
Persistent link: https://www.econbiz.de/10013084728
The high and rising household savings rate in China is not easily reconciled with the traditional explanations that emphasize life cycle factors, the precautionary saving motive, financial development, or habit formation. This paper proposes a new competitive saving motive: As the sex ratio...
Persistent link: https://www.econbiz.de/10013152435
In an open economy, savings- and investment-promoting policies may have very different effects on the capital account and on the viability of export-oriented and import-competing industries. The nature of the effects is often ambiguous in analytical models. This paper employs a simulation model...
Persistent link: https://www.econbiz.de/10013240332
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system to study this question. As of 2004, the German pension authority started to send out annual letters providing detailed and comprehensible information about the pension system...
Persistent link: https://www.econbiz.de/10012982037
We examine financial literacy in Germany using data from the SAVE survey. We find that knowledge of basic financial … concepts is lacking among women, the less educated, and those living in East Germany. In particular, those with low education … and low income in East Germany have little financial literacy compared to their West German counterparts. Interestingly …
Persistent link: https://www.econbiz.de/10013123985
Riester pensions are voluntary, but heavily subsidized private pension schemes in Germany. They were designed as a …
Persistent link: https://www.econbiz.de/10013107222
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