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 savings behavior for retirement on an individual level in Germany. As a … out to be less likely to save additionally privately for retirement. In a second step the chosen gross saving rates are …

This paper analyzes private retirement savings, the amount for German individuals and how these savings are influenced … investigated how the Big-Five and the Locus of Control influence the decision to have private retirement savings, and the estimated … probability to have such savings. Extraversion also positively effects the size of retirement related savings as does having an …

This paper analyzes private retirement savings, the amount for German individuals and how these savings are influenced … investigated how the Big-Five and the Locus of Control influence the decision to have private retirement savings, and the estimated … probability to have such savings. Extraversion also positively effects the size of retirement related savings as does having an …

The German pension reforms in 2001 and 2004 increased the importance of private supplemental savings for retirement …. Calculating the appropriate retirement income needed and choosing the right product postulates some degree of financial knowledge … retirement savings. Germans seem to have a good grasp of basic financial concepts. However, individuals with low education face …