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Maintaining one's living standard at old age : what does that mean? ; evidence using panel data from Germany
Dudel, Christian; Ott, Notburga; Werding, Martin - 2013
How much retirement income is needed in order to maintain one's living standard at old age? As it is difficult to find a firm basis for an empirical treatment of this question, we employ a novel approach to assessing an adequate replacement rate vis- a-vis income in the pre-retirement period. We...
Persistent link: https://www.econbiz.de/10009766250
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The influence of personality traits on private retirement savings in Germany
Schäfer, Konrad C. - 2016
This paper analyzes private retirement savings, the amount for German individuals and how these savings are influenced … investigated how the Big-Five and the Locus of Control influence the decision to have private retirement savings, and the estimated … amount of these savings. Results indicate a positive effect for Extraversion and a negative effect for Agreeableness on the …
Persistent link: https://www.econbiz.de/10011538182
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Savings and consumption when children move out
Rottke, Simon; Klos, Alexander - 2013
Based on the Italian Survey on Household Income and Wealth (SHIW) and the German Socio-economic Panel (SOEP), we show that household consumption drops after a child moves out of a household, while at the same time, per capita consumption increases significantly. Parents approximately upgrade...
Persistent link: https://www.econbiz.de/10010241620
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Family background, informal networks and the decision to provide for old age : a siblings approach
Lamla, Bettina - 2012 - This version: July 2012
In order to encourage people to take out voluntary private pensions to supplement decreasing statutory provisions … Germany introduced the so-called Riester pensions. The complex design of the new product might have created entry barriers … evidence has not properly taken into account the search and decision costs related to Riester pensions. I use information on …
Persistent link: https://www.econbiz.de/10009578791
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Leisure and housing consumption after retirement : new evidence on the life-cycle hypothesis
Schreiber, Sven; Beblo, Miriam - 2016 - This version: May 2016
We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions such as those around retirement should not affect consumption. However, we first recall that given higher leisure endowments after retirement, the theory does predict a fall of...
Persistent link: https://www.econbiz.de/10011485846
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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/10011636261
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The life-cycle hypothesis revisited : evidence on housing consumption after retirement
Beblo, Miriam; Schreiber, Sven - 2010 - This version: November 2010
According to the life-cycle theory of consumption and saving, foreseeable retirement events should not reduce consumption. Whereas some consumption expenditures may fall when goods are self-produced (given higher leisure after retirement), this argument applies especially to housing consumption...
Persistent link: https://www.econbiz.de/10008827012
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Reversing the question : does happiness affect consumption and savings behavior?
Guven, Cahit - 2009
I examine the impact of happiness on consumption and savings behavior using data from the DNB Household Survey from the …
Persistent link: https://www.econbiz.de/10011635835
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Empirical welfare analysis in random utility models of labour supply
Decoster, André; Haan, Peter - 2010
The aim of this paper is to apply recently proposed individual welfare measures in the context of random utility models of labour supply. Contrary to the standard practice of using reference preferences and wages, these measures preserve preference heterogeneity in the normative step of the...
Persistent link: https://www.econbiz.de/10008827011
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Angebotsinduzierung und Mitnahmeeffekt im Rahmen der Riester-Rente : eine empirische Analyse
Pfarr, Christian; Schneider, Udo - 2010
incentivize people to increase their private pension savings. In this paper, we hypothesize that these publicly subsidized savings … mainly replace existing not subsidized savings and that supplier induced demand is an important factor. Using data from the … those who already have life insurance or other public subsidized savings. Furthermore, we show that a contact with an …
Persistent link: https://www.econbiz.de/10008827065