We examine financial literacy in Germany and its relevance for financial well-being. Using data from the Panel on Household Finances collected in 2021, we show that about 62% of German households answer the Big Three financial literacy questions correctly. Those with lower education, who are out...

Do women invest differently than men? We contribute to the answer of this question by analysing the Panel on Household Finances (PHF) of the German Bundesbank. This representative panel collects a wide variety of behavioural and financial variables in the area of household finance. We find that...

Im deutschen Einkommensteuersystem wird Ersparnisbildung in Kapitallebensversicherungen durch die Absetzbarkeit der Versicherungsprämien bei der Ermittlung des zu versteuernden Einkommens und durch die Steuerfreiheit der Endausschüttung begünstigt. Die daraus resultierende Steuerersparnis ist...