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Locus of control and investment in risky assets
Salamanca, Nicolás; Grip, Andries de; Fouarge, Didier; … - 2016
this relation is driven by a link between internal economic locus of control and a lower perception of the risk of …
Persistent link: https://www.econbiz.de/10011594548
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How people react to pension risk
Salamanca, Nicolás; Grip, Andries de; Sleijpen, Olaf … - 2020
We show that people exposed to greater pension risk are less likely to invest in risky assets. We exploit a reform that …-making funding ratios a fund-specific measure of pension risk. The effect of pension risk is stronger for people who are better …
Persistent link: https://www.econbiz.de/10012194519
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Will it last? : an assessment of the 2001 German pension reform
Bonin, Holger - 2001
In May 2001, Germany adopted a fundamental pension reform cutting back public pensions and introducing personal pension …
Persistent link: https://www.econbiz.de/10011403229
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Are retirees more satisfied? : anticipation and adaptation effects of retirement on subjective well-being : a panel analysis for Germany
Merz, Joachim - 2018
prominent events - is also to discover for life satisfaction before and after retirement in Germany. …
Persistent link: https://www.econbiz.de/10011913494
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Pension reforms and couples' labour supply decisions
Moghadam, Hamed M.; Puhani, Patrick A.; Tyrowicz, Joanna - 2023
To determine how wives' and husbands' retirement options affect their spouses' (and their own) labour supply decisions, we exploit (early) retirement cutoffs by way of a regression discontinuity design. Several German pension reforms since the early 1990s have gradually raised women's retirement...
Persistent link: https://www.econbiz.de/10014249245
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Pensions, household saving, and welfare : a dynamic analysis
Blau, David - 2011
Empirical analyses of the effects of public and private pensions on household saving impose strong assumptions in order to obtain a tractable empirical model: fixed retirement and pension claiming ages, no borrowing constraint, little or no uncertainty, and no institutional restrictions on...
Persistent link: https://www.econbiz.de/10009233017
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Pension reform : disentangling retirement and savings responses
Lindeboom, Maarten; Montizaan, Raymond - 2018
In January 2006, the Dutch government implemented a pension reform that substantially reduced the public pension wealth of workers born in 1950 or later. At the same time, a tax-facilitated savings plan was introduced that substantially reduced the saving costs of all workers, irrespective of...
Persistent link: https://www.econbiz.de/10011876086
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Risk preference and entrepreneurial investment at the top of the wealth distribution
Fossen, Frank M.; König, Johannes; Schröder, Carsten - 2020
We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … standard measure of risk tolerance. We find that wealthy individuals are more likely to be entrepreneurs and invest a larger … ways strongly determined by individual risk tolerance. Since the wealthy dominate aggregate risky investment, their risk …
Persistent link: https://www.econbiz.de/10012389043
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Robust estimation of wage dispersion with censored data : an application to occupational earnings risk and risk attitudes
Pollmann, Daniel; Dohmen, Thomas; Palm, Franz C. - 2012
with the wage dispersion of an individual's occupation. -- dispersion estimation ; earnings risk ; censoring ; quantile …-coded administrative wage data from the German IAB Employment Sample (IABS). We then relate these robust measures of earnings risk to the … risk attitudes of individuals working in these occupations. We find that willingness to take risk is positively correlated …
Persistent link: https://www.econbiz.de/10009534948
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Wages as risk compensation in Germany
Grund, Christian - 2000
evidence for compensating wage differentials in Germany so far. Estimating wage regressions with data of the German Socio …-Economic Panel (GSOEP) within individually perceived hazards of work accidents as a risk variable, evidence for compensating wage … differentials in Germany is found even though other effects may partly weaken the existing wage premiums due to risks at work. …
Persistent link: https://www.econbiz.de/10011339080