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Do individuals accept fluctuations in pension income?

Bucher-Koenen, Tabea; Knebel, Caroline; Weber, Martin - 2023

How to invest and decumulate wealth during retirement has far-reaching consequences for consumption during retirement. We conduct an online experiment among 2,500 individuals representative of the adult German population. First, we investigate the choice between phased withdrawal plans with...

Persistent link: https://www.econbiz.de/10014313929

When saving is not enough: The wealth decumulation decision in retirement

Kieren, Pascal; Weber, Martin - 2019

In this study, we investigate the wealth decumulation decision from the perspective of a retiree who is averse to the prospect of fully annuitizing her accumulated savings. We field a large online survey of hypothetical product choices for phased drawdown offerings and annuities. While the...

Persistent link: https://www.econbiz.de/10012118739

Time Inconsistent Preferences and the Annuitization Decision

Schreiber, Philipp; Weber, Martin - C.E.P.R. Discussion Papers - 2015

When entering retirement most people face the decision whether they would like their defined contribution account balance paid as a lump sum or to annuitize the amount. The fact that people tend to choose the lump sum even if economic reasons suggest not to is called the annuity puzzle. In a...

Persistent link: https://www.econbiz.de/10011165648

Time Inconsistent Preferences and the Annuitization Decision

Schreiber, Philipp - 2016

Good news can involve difficult decisions. For example winning a lottery jackpot can go along with the decision, whether to have the jackpot paid out immediately as a lump sum or as periodic annual payments. Also when entering retirement most people face the decision whether they want their...

Persistent link: https://www.econbiz.de/10013007684

When Saving is Not Enough - Wealth Decumulation in Retirement

Kieren, Pascal - 2019

We investigate the wealth decumulation decision from the perspective of a retiree who is averse to the prospect of fully annuitizing her accumulated savings. We field a large online survey of hypothetical product choices for phased drawdown offerings and annuities. While the demand for annuities...

Persistent link: https://www.econbiz.de/10012860958

When saving is not enough : the wealth decumulation decision in retirement

Kieren, Pascal; Weber, Martin - 2019 - This draft: October 16, 2019

Persistent link: https://www.econbiz.de/10012115352

Do individuals accept fluctuations in pension income?

Bucher-Koenen, Tabea; Knebel, Caroline; Weber, Martin - 2023 - This draft: March 21, 2023

Persistent link: https://www.econbiz.de/10014311911

How Do Banks Determine Capital? Empirical Evidence for Germany

Weber, Martin; Kleff, Volker - 2003

and 2001 provided by the Deutsche Bundesbank, we apply the generalised method of moments (GMM) within a dynamic panel data …

Persistent link: https://www.econbiz.de/10010297333

How Do Banks Determine Capital? Empirical Evidence for Germany

Weber, Martin; Kleff, Volker - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003

and 2001 provided by the Deutsche Bundesbank, we apply the generalised method of moments (GMM) within a dynamic panel data …

Persistent link: https://www.econbiz.de/10005098092

Which Past Returns Affect Trading Volume?

Glaser, Markus; Weber, Martin - Institute for Financial Research (SIFR) - 2005

. We study 3,000 individual investors over a 51 month period to test this prediction using linear panel regressions as well … as negative binomial panel regressions and Logit panel regressions. We find that both past market returns as well as past …

Persistent link: https://www.econbiz.de/10005651567