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From soft and hard-nosed bankers : bank lending strategies and the survival of financially distressed firms
Höwer, Daniel - 2009
Do private banks act as hard-nosed bankers when firms get financially distressed compared to public banks that have the mandate to support regional economy? For German firms in the period 2000-2005, I find that the probability of leaving the market after financial distress is higher for firms...
Persistent link: https://www.econbiz.de/10003893124
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Regional stabilization by fiscal equalization? : theoretical considerations and empirical evidence from Germany
Büttner, Thiess - 1999
actually favors stabilization. In an empirical analysis for Germany, the paper adds support for the finding of significant … regional stabilization by fiscal flows. The results indicate that about 17 % of GDP variation across West Germany's states has … been removed by fiscal flows during the last two decades. Thus, in Germany where the fiscal federalism is criticised for …
Persistent link: https://www.econbiz.de/10011442662
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Capital policy of German savings banks : a survey
Kleff, Volker (contributor) - 2005
In contrast to earlier field studies, we survey German public savings banks on their management of capital. We find that the most important determinants of the savings banks’ target capital ratio are risk aversion, the desired credit growth and profitability. Savings banks prefer to manage the...
Persistent link: https://www.econbiz.de/10003178539
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Payout policy and ownwers' interests - evidence from German savings banks
Kleff, Volker (contributor); Weber, Martin (contributor) - 2005
The savings banks’ decision to distribute profits among their public owners is strongly regulated by law in order to guarantee their adequate funding via retained profits. However, the legal scope is reluctantly exhausted. In this study we examine the determinants of the savings banks’...
Persistent link: https://www.econbiz.de/10003114169
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Intra- und intergenerationale Umverteilungseffekte in der bundesdeutschen Alterssicherung auf Basis humankapitaltheoretischer Überlegungen
Pfeiffer, Friedhelm (contributor);  … - 2008
In der folgenden Studie möchten wir ausgewählte Aspekte von intra- und intergenerationalen Umverteilungseffekten im System der bundesdeutschen Alterssicherung auf der Basis der Humankapitalheorie mit Simulationsmethoden analysieren. Falls es das Ziel der Politik ist, die Ungleichheit des...
Persistent link: https://www.econbiz.de/10003650247
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Clustering life trajectories : a new divisive hierarchical clustering algorithm for discrete-valued discrete time series
Dlugosz, Stephan - 2011
A new algorithm for clustering life course trajectories is presented and tested with large register data. Life courses are represented as sequences on a monthly timescale for the working-life with an age span from 16–65. A meaningful clustering result for this kind of data provides interesting...
Persistent link: https://www.econbiz.de/10008901833
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15 years of pension reform in Germany : old successes and new threats
Bonin, Holger - 2009
-term sustainability. We argue that the latest reforms have moved pension provision in Germany in principle from a defined benefit to a … ; Financial Crisis ; Fiscal Sustainability Survey ; Germany …
Persistent link: https://www.econbiz.de/10003857711
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Intrinsic work motivation and pension reform acceptance
Heinemann, Friedrich; Hennighausen, Tanja; Moessinger, … - 2011
Although demographic change leaves pay-as-you-go pension systems unsustainable, reforms, such as a higher pension age, are highly unpopular. This contribution looks into the role of intrinsic motivation as a driver for pension reform acceptance. Theoretical reasoning suggests that this driver...
Persistent link: https://www.econbiz.de/10009162092
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Kosten der privaten Altersvorsorge : private Rentenversicherungen und Fondssparpläne im Vergleich
Westerheide, Peter - 2001
Im langfristigen Zeithorizont der kapitalgedeckten Altersvorsorge kommt Kostenunterschieden zwischen verschiedenen Anlageformen große Bedeutung zu. In der vorliegenden Arbeit wurde das Kostenniveau von Rentenversicherungen und Investmentsparplänen, deren Guthaben bei Fälligkeit in eine...
Persistent link: https://www.econbiz.de/10011445645
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Do savings increase in response to salient information about retirement and expected pensions?
Dolls, Mathias; Doerrenberg, Philipp; Peichl, Andreas; … - 2016
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system to study this question. As of 2004, the German pension authority started to send out annual letters providing detailed and comprehensible information about the pension system...
Persistent link: https://www.econbiz.de/10011535690