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Rates of return and early retirement disincentives : evidence from a German pension reform
Lüthen, Holger - 2014
To counteract the financial pressure emerging in aging societies, statutory pay-as-you-go pension schemes are undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension deductions for early retirement. This paper examines the...
Persistent link: https://www.econbiz.de/10010362261
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How does maternal pension wealth affect family old-age savings in Germany?
Thiemann, Andreas - 2016
This paper examines how families adjust their private old-age savings in response to a change in individual pension …): 1998, 2003 and 2008. All results indicate that families do not adjust their private old-age savings in response to the … does not crowd-out old-age private savings. Hence, child care pension benefits increase a mother's old-age income without …
Persistent link: https://www.econbiz.de/10011441486
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Does consumption decline at retirement? : evidence from repeated cross-section data for Germany
Beznoska, Martin; Steiner, Viktor - 2012
The life-cycle hypothesis implies that consumption would not decline at retirement. However, several studies found relevant declines in food consumption after retirement for the United States. Others concluded that this contradiction of the life-cycle hypothesis is solved by allowing for broader...
Persistent link: https://www.econbiz.de/10009579313
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Profitability of pension contributions : evidence from real-life employment biographies
Schröder, Carsten - 2010
partner. Due to survivor pensions, married insurants benefit from higher IRR as compared to the non-married. Interestingly …. -- Pay-as-you-go ; pensions ; rate of return ; redistribution ; employment biography …
Persistent link: https://www.econbiz.de/10009262081
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Household savings decision and income uncertainty
Beznoska, Martin; Ochmann, Richard - 2010
uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the … uncompensated interest rate elasticity for savings, in line with the literature, to around zero. Accordingly, any policy …-induced variation of net returns to savings is expected to have no significant effects on the level of savings. Moreover, we find …
Persistent link: https://www.econbiz.de/10009261306
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Langfristige Folgen einer Einbeziehung der Selbständigen in die gesetzliche Rentenversicherung
Kifmann, Mathias - 2001
This paper examines the consequences of including the self-employed in the German pay-as-you-go pension system. The effects on the implicit tax rate of the different generations and groups are analysed. It is demonstrated that the inclusion of the self-employed can be used to reach two...
Persistent link: https://www.econbiz.de/10011434240
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Private savings in Eastern European EU-accession countries : evidence from a dynamic panel data model
Schrooten, Mechthild; Stephan, Sabine - 2003
After the collapse in early transition years, saving rates in Eastern European EU-accession countries have recovered strongly. Is private saving in these countries now driven by the same forces as in the EU? A GMM estimator is applied to analyze the determinants of private saving in both country...
Persistent link: https://www.econbiz.de/10011438969
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Liquidity constraints and the permanent income hypothesis : pseudo panel estimation with German consumption survey data
Beznoska, Martin; Ochmann, Richard R. - 2012
This paper empirically investigates the relevance of liquidity constraints and excess sensitivity in intertemporal household consumption. Using a pseudo panel that has been constructed on rich German consumption survey data, we estimate the consumption responses to permanent and transitory...
Persistent link: https://www.econbiz.de/10009579365
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Unemployment and portfolio choice : does persistence matter?
Kuzin, Vladimir; Bremus, Franziska M. - 2010
persistence. -- Precautionary savings ; unemployment insurance ; long-term unemployment ; income uncertainty …
Persistent link: https://www.econbiz.de/10003934763
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Precautionary and entrepreneurial saving : new evidence from German households
Fossen, Frank M.; Rostam-Afschar, Davud - 2009
The well-documented positive correlation between income risk and wealth was interpreted as evidence for high amounts of precautionary wealth in various studies. However, the large estimates emerged from pooling non-entrepreneurs and entrepreneurs without controlling for heterogeneity. This paper...
Persistent link: https://www.econbiz.de/10003874776