Demographic change causes an undersupply of financial old age benefits within the statutory pay-as-you-go pension system in Germany. Therefore, the provision of occupational as well as private pensions has to be enhanced. However, there seems to be an undersupply of occupational pension...

Demographic change is a key consequence of the development of modern societies. The prolongation of life expectancy, shifts of mortality into later life and long-term low fertility rates cause essential changes in population structures - with an increase in the number and proportion of older...

This paper considers the impact of adverse health shocks that hit an individual's partner on subjective well-being. Using data on couples from the German Socio-Economic Panel for the years 1984 to 2006, I compare the losses in well-being caused by own and spousal disability using...

While there is little doubt that the probability of poor health increases with age, and that less healthy people face a more difficult situation on the labour market, the precise relationship between facing the risks of health deterioration and labour market instability is not well understood....

Lifespan psychological research has long been interested in the contextual embeddedness of individual development. To examine if and how regional factors relate to between-person disparities in the progression of late-life well-being, we applied three-level growth curve models to 24-year...

"Die meisten Menschen sind die meiste Zeit über glücklich" stellt in einer Zusammenfassung vieler empirischer Studien Biswas-Diener (2009) fest. Sogar nach einschneidenden Negativerlebnissen wie Arbeitslosigkeit oder dem Verlust des Partners passen sich die meisten Menschen recht schnell an...

Self-reported measures of health are generally treated as weak measures of respondents' objective health status. On the other hand, most surveys use self-reported health to measure health status and to determine the effects of a range of other socio-economic characteristics of the local...

In this paper, I estimate a dynamic structural model of labor supply, retirement, and informal care supply, incorporating labor market frictions and the German tax and benefit system. I find that informal elderly care has adverse and persistent effects on labor market outcomes and therefore...

Quality of life and satisfaction with life are of particular importance for individuals as well as for society concerning the "demographic change" with now longer retirement periods. This study will contribute to the life satisfaction discussion and quantifies life satisfaction and pattern of...

Retired parents might invest time into their adult children by providing childcare. Such intergenerational time transfers can have important implications for family decisions. This paper estimates the effects of parental retirement on adult children's fertility. We use representative panel data...