birth cohorts in Germany. The analysis is based on a rich dataset that combines household survey data from the German Socio … East Germany and for the low educated. Using simulated life cycle employment and income profiles, we project gross future …

undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension …

-in-Differences approach. The analysis is based on official records covering all individuals insured by the public health system in Germany and …

, necessary adjustments of pay-as-you-go pension systems to an ageing society affect aggregate savings. Taking Germany as an … example, this paper applies a two-region model with endogenous savings and labour supply that is augmented with demographic … data projections for OECD countries. It shows that demographic change in Germany is an important determinant of the current …

Since 2002 the German government seeks to stimulate private retirement savings by means of special allowances and tax …

subsidization program in Germany. We find that 38% of the aggregate subsidy accrues to the top two deciles of the population, but …

Our analysis finds that despite the growing number, the majority of savings banks currently do not make any payouts …. Furthermore, savings banks distribute only a small part of their net profit to the shareholders. This means that they can still … build up capital even if they make payouts. Savings banks also hold significantly more capital than is called for by the …