According to the National Accounts the German savings rate has increased continuously since 2001 after it fell … continuously from 1991. This increase was rather unexpected and hence it is interesting to analyse whether the savings rate of the … total population has increased or whether the increase in the aggregated savings rate has been due to the fact that the …

This paper analyses the savings behaviour of natives and immigrants in Germany. It is argued that uncertainty about … savings. Using the German dataset, we exploit a natural experiment arising from a change in the nationality law in Germany to … estimate the importance of precautionary savings. Using difference-in-differences approach, we find a significant reduction in …

uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the … uncompensated interest rate elasticity for savings, in line with the literature, to around zero. Accordingly, any policy …-induced variation of net returns to savings is expected to have no significant effects on the level of savings. Moreover, we find …

flexibly adjusting savings to income variations as assumed by the Permanent Income Hypothesis (PIH). Fixed amount saving …