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The Life-Cycle Hypothesis Revisited : Evidence on Housing Consumption after Retirement
Beblo, Miriam - 2011
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/10013131722
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Family Background, Informal Networks and the Decision to Provide for Old Age : A Siblings Approach
Lamla, Bettina - 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/10013101557
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Precautionary Saving and Income Uncertainty in Germany - New Evidence from Microdata
Bartzsch, Nikolaus - 2008
The saving ratio of households in Germany has increased in the past few years when the income trend was weak. This could be due to precautionary saving. In this paper, the importance of precautionary saving against income uncertainty is analyzed empirically using micro data from the German...
Persistent link: https://www.econbiz.de/10014220111
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Quantifying the Psychological Costs of Unemployment : The Role of Permanent Income
Knabe, Andreas; Raetzel, Steffen - 2008
Unemployment causes significant losses in the quality of life. In addition to reducing individual income, it also creates non-pecuniary, psychological costs. We quantify these non-pecuniary losses by using the life satisfaction approach. In contrast to previous studies, we apply Friedman's...
Persistent link: https://www.econbiz.de/10014220104
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Leisure and Housing Consumption after Retirement : New Evidence on the Life-Cycle Hypothesis
Schreiber, Sven - 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/10012987255
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Public Pensions, Changing Employment Patterns, and the Impact of Pension Reforms across Birth Cohorts - A Microsimulation Analysis for Germany
Geyer, Johannes - 2010
We analyze the impact of changing employment patterns and pension reforms on the future level of public pensions across … pensions across cohorts taking into account changing demographics and recent pension reforms. Simulations show that pension …
Persistent link: https://www.econbiz.de/10013146338
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The Joint Distribution of Net Worth and Pension Wealth in Germany
Boenke, Timm - 2016
Research on wealth inequality usually focuses on real and financial assets, while pension wealth – the present value of future pension entitlements from public and company pension schemes – receives little attention. This is astonishing, given that pension plans play an important role for...
Persistent link: https://www.econbiz.de/10012987251
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Higher and Higher? Performance Pay and Wage Inequality in Germany
Sommerfeld, Katrin - 2012
Performance pay is of growing importance to the wage structure as it applies to a rising share of employees. At the same time wage dispersion is growing continuously. This leads to the question of how the growing use of performance pay schemes is related to the increase in wage inequality?...
Persistent link: https://www.econbiz.de/10013100723
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Reconsidering the Income-Illness Relationship Using Distributional Regression – An Application to Germany
Silbersdorff, Alexander - 2017
In this paper, we reconsider the relationship between income on health, taking a distributional perspective rather than one centered on conditional expectation. Using Structured Additive Distributional Regression, we find that the association between income on health is larger than generally...
Persistent link: https://www.econbiz.de/10012946979
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Assimilation and Cohort Effects for German Immigrants
Gundel, Sebastian; Peters, Heiko - 2008
Demographic change and the rising demand for highly qualified labor in Germany attracts notice to the analysis of immigration. In addition, the pattern of immigration changed markedly during the past decades. Therefore we use the latest data of the German Socioeconomic Panel up to the year 2006...
Persistent link: https://www.econbiz.de/10014220084