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Who is saving privately for retirement and how much? : new evidence for Germany
Metzger, Christoph - 2015
Due to demographic change the replacement rates of the German statutory pension scheme will decrease over the next decades. Voluntary savings for retirement will therefore gain more and more relevance in order to maintain one’s standard of living during retirement. This article examines the...
Persistent link: https://www.econbiz.de/10010517686
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The portfolio structure of German households : a multinomial fractional response approach with unobserved heterogeneity
Becker, Gideon - 2014 - This draft: September 1, 2014
What determines the risk structure of financial portfolios of German households? In this paper we estimate the determinants of the share of financial wealth invested in three broad risk classes. We employ a new econometric approach - the so called fractional multinomial logit model - which...
Persistent link: https://www.econbiz.de/10010426240
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The heterogeneous effects of training incidence and duration on labor market transitions
Fitzenberger, Bernd; Osikominu, Aderonke; Paul, Marie - 2010
This paper estimates the impact of training incidence and duration on employment transitions accounting for the endogeneity of program participation and duration. We specify a very flexible bivariate random effects probit model for employment and training participation and we use Bayesian Markov...
Persistent link: https://www.econbiz.de/10010302582
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The heterogeneous effects of training incidence and duration on labor market transitions
Fitzenberger, Bernd; Osikominu, Aderonke; Paul, Marie - 2010
This paper estimates the impact of training incidence and duration on employment transitions accounting for the endogeneity of program participation and duration. We specify a very flexible bivariate random effects probit model for employment and training participation and we use Bayesian Markov...
Persistent link: https://www.econbiz.de/10008665400
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The heterogeneous effects of training incidence and duration on labor market transitions
Fitzenberger, Bernd; Osikominu, Aderonke; Paul, Marie - 2010
This paper estimates the impact of training incidence and duration on employment transitions accounting for the endogeneity of program participation and duration. We specify a very flexible bivariate random effects probit model for employment and training participation and we use Bayesian Markov...
Persistent link: https://www.econbiz.de/10009154558
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The Heterogeneous Effects of Training Incidence and Duration on Labor Market Transitions
Fitzenberger, Bernd - 2010
This paper estimates the impact of training incidence and duration on employment transitions accounting for the endogeneity of program participation and duration. We specify a very flexible bivariate random effects probit model for employment and training participation and we use Bayesian Markov...
Persistent link: https://www.econbiz.de/10013135094
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The Heterogeneous Effects of Training Incidence and Duration on Labor Market Transitions
Fitzenberger, Bernd - 2010
This paper estimates the impact of training incidence and duration on employment transitions accounting for the endogeneity of program participation and duration. We specify a very flexible bivariate random effects probit model for employment and training participation and we use Bayesian Markov...
Persistent link: https://www.econbiz.de/10013136712
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Broke, Ill, and Obese: The Effect of Household Debt on Health
Keese, Matthias; Schmitz, Hendrik - 2010
employed individuals, and (c) lagged debt variables to rule out problems of reverse causality. We apply different measures of … precarious debt situation). We find all debt measures to be strongly correlated with health satisfaction, mental health, and … obesity. Controlling for unobserved heterogeneity and reversed causality we find evidence that household debt also causally …
Persistent link: https://www.econbiz.de/10011600992
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Triggers and Determinants of Severe Household Indebtedness in Germany
Keese, Matthias - 2009
-) indebtedness which relate household income and debt services to different concepts of subsistence levels, this paper investigates … are likely to cause severe household indebtedness. Unemployment also worsens the relative debt situation mainly due to the …
Persistent link: https://www.econbiz.de/10010265783
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Broke, ill, and obese : the effect of household debt on health
Keese, Matthias; Schmitz, Hendrik - 2010
employed individuals, and (c) lagged debt variables to rule out problems of reverse causality. We apply different measures of … precarious debt situation). We find all debt measures to be strongly correlated with health satisfaction, mental health, and … obesity. Controlling for unobserved heterogeneity and reversed causality we find evidence that household debt also causally …
Persistent link: https://www.econbiz.de/10008826897