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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

Optimism gone bad? : the persistent effects of traumatic experiences on investment decisions

Kim, Chi Hyun - 2021

Do memories of highly emotional stock market crashes permanently affect the investment decisions of households? The Initial Public Offerings of Deutsche Telekom during 1996- 2000 provide an optimal base to address this question, as it is known for its emotional character and is reputedly “the...

Persistent link: https://www.econbiz.de/10012543807

Profitability of pension contributions : evidence from real-life employment biographies

Schröder, Carsten - 2010

Micro-econometric intra-cohort profitability analyses of pay-as-you-go (PAYG) pension contributions are rare. We use representative employment histories of a birth cohort of German PAYG pension insurants retiring in year 2005 to econometrically examine the determinants of the profitability of...

Persistent link: https://www.econbiz.de/10009262081

Rates of return and early retirement disincentives : evidence from a German pension reform

Lüthen, Holger - 2014

background of this reform for cohorts 1935-1945. I measure the profitability with the internal rate of return (IRR) and use high …

Persistent link: https://www.econbiz.de/10010362261

Financial literacy : Thai middle class women do not lag behind

Grohmann, Antonia; Hübler, Olaf; Kouwenberg, Roy; … - 2016

This research studies the stylized fact of a "gender gap" in that women tend to have lower financial literacy than men. Our data which samples middle-class people from Bangkok does not show a gender gap. This result is not explained by men's low financial literacy, nor by women's high income and...

Persistent link: https://www.econbiz.de/10011553048

Financial literacy and financial behavior : evidence from the emerging Asian middle class

Grohmann, Antonia - 2017 - This version: November, 2017

This paper analyses financial literacy and financial behavior of middle class people living an urban Asian economy. Other than most papers on financial literacy that focus on people in developed countries, we surveyed people living Bangkok. Using standard financial literacy questions, we find...

Persistent link: https://www.econbiz.de/10011755401

The effect of social comparison on debt taking : experimental evidence

Grohmann, Antonia; Koch, Melanie - 2022

A number of studies show that there is a link between social comparison and high levels of household debt. However, the exact mechanisms behind this link are not yet well understood. In this paper, we disentangle two mechanisms by performing a lab experiment designed to study the effects of...

Persistent link: https://www.econbiz.de/10012816002

Unemployment and portfolio choice : does persistence matter?

Kuzin, Vladimir; Bremus, Franziska M. - 2010

We use a life cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using...

Persistent link: https://www.econbiz.de/10003934763

Precautionary and entrepreneurial saving : new evidence from German households

Fossen, Frank M.; Rostam-Afschar, Davud - 2009

this is not due to precautionary motives. Entrepreneurs may rather save for old age, as they are usually not covered by …

Persistent link: https://www.econbiz.de/10003874776

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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