income and financial position of the German baby-boomers and offers an outlook on their expected social security income. It … turns out that the actual income and financial situation of the German baby-boomers is relatively good: despite having … different cohorts at the same age. Moreover their average and median financial wealth is higher than for earlier birth cohort …

paper examines if there is a wealth effect of house prices on savings using household-level longitudinal data from the …Housing property is the most important position in a household's wealth portfolio. Even though there is strong evidence … savings in response to unanticipated house price shocks, whereas old households only hardly respond to house price changes. We …

significant effects of precautionary savings on the consumption-savings decision. As a result of a doubling of transitory income …. -- Consumption-savings decision ; interest rate elasticity of savings ; income uncertainty …This paper empirically investigates the effects of changes in the interest rate as well as transitory income …

significant effects of precautionary savings on the consumption-savings decision. As a result of a doubling of transitory income …This paper empirically investigates the effects of changes in the interest rate as well as transitory income … uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the …

about 20%. Compared with net financial wealth, housing wealth is not used as a buffer stock against income uncertainty …The saving ratio of households in Germany has increased in the past few years when the income trend was weak. This … could be due to precautionary saving. In this paper, the importance of precautionary saving against income uncertainty is …

theory of precautionary savings and to quantify the importance of self-selection into occupations due to differences in risk … aversion. In the presence of self-selection, failing to control for risk aversion in empirical tests of precautionary savings … German Democratic Republic (GDR) German reunification in 1990 caused an exogenous reassignment of income risks. Our findings …

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 … first step the decision to save at all is analyzed, showing that the main determinants for saving are personal income as …

How much retirement income is needed in order to maintain one's living standard at old age? As it is difficult to find … replacement rate vis- a-vis income in the pre-retirement period. We subject indications regarding satisfaction with current income …