Germany is an interesting country to study saving among older households since nearly everyone - whether in the middle …

behavior of older persons in Germany during the last 35 years and surveys the empirical literature on the effects of the social … security system on retirement in Germany. The paper shows that even after the 1992 reform the German system is actuarially …. Indeed, average retirement age is very low in West Germany (about age 59) and even lower in East Germany. This tendency …

subsidies on retirement, savings and housing choices in the two countries. Germany faces a particularly pronounced aging process … percent at its peak in 2030. In this respect, changes that are occurring in Germany now may be regarded as indicative for … changes to come in the United States. Retirement, savings and housing behavior differ quite markedly between Germany and the …