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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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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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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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On the validity of the Keynesian Absolute Income hypothesis in Pakistan : an ARDL bounds testing approach
Shahbaz, Muhammad; Nawaz, Kishwar; Arouri, Mohamed; … - In: Economic modelling 35 (2013), pp. 290-296
Persistent link: https://www.econbiz.de/10010259444
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Savings in Central Eastern Europe
Schrooten, Mechthild; Stephan, Sabine - 2001
The paper seeks to add to the existing literature on aggregate and private savings by focusing on transition economies …, aggregate and private savings are driven by almost the same forces - this is the central focus of the paper. The most important …
Persistent link: https://www.econbiz.de/10011434227
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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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The effect of partial retirement on labor supply, public balances and the income distribution : evidence from a structural analysis
Tolan, Songül - 2017
substantially less so when wages and pensions in partial retirement remain uncompensated. Partial retirement decreases inequality in …
Persistent link: https://www.econbiz.de/10011709806
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Forecasting the prices and rents for flats in large German cities
Cholodilin, Konstantin Arkadʹevič; Mense, Andreas - 2012
In this paper, we make multi-step forecasts of the monthly growth rates of the prices and rents for flats in 26 largest German cities. Given the small time dimension, the forecasts are done in a panel-data format. In addition, we use panel models that account for spatial dependence between the...
Persistent link: https://www.econbiz.de/10009579231
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Internet offer prices for flats and their determinants : a cross section of large European cities
Cholodilin, Konstantin Arkadʹevič - 2012
In this paper, we construct a data set of Internet offer prices for flats in 48 large European cities from 24 countries. The data are collected in January - April 2012 from 33 websites, where the advertisements of flats for sale are placed. Using these data we investigate the determinants of the...
Persistent link: https://www.econbiz.de/10009579235