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This paper examines the consequences of including the self-employed in the German pay-as-you-go pension system. The effects on the implicit tax rate of the different generations and groups are analysed. It is demonstrated that the inclusion of the self-employed can be used to reach two...
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The study surveys, how savings and monetary assets of private households m Germany developed since 1960. Linear … regressions indicate that one person's assets depend on its income and age. lt is shown furthermore that income and savings are co …-integrated, which leads to an error correction model. Savings in different categories of investment show great fluctuations during time …
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