We empirically investigate the distributional consequences of the Riester scheme, the main private pension …

The pay-as-you-go statutory pension insurance is intended to protect workers in Germany from having to rely on tax …-financed assistance in old age. However, due to the ageing of society the security level of the statutory pension insurance must decrease …. Therefore, a compulsory funded supplementary pension scheme is being discussed to prevent the number of retirees relying on …

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 …

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 savings behavior for retirement on an individual level in Germany. As a …

disparate effects by age. We find that those approaching retirement age (aged 55 to 64) experienced reduced life … approaching retirement age, but not of younger working-age adults, is closely correlated with wealth indices (e.g., the Case …

The ageing of the German population will necessarily reduce the pension levels provided by the German pay …-as-you-go public pension insurance. The pension reforms of the last decade aimed at encouraging savings in private, fully …-funded pension insurances (through tax advantages and subsidies). However, only a minority of Germans has decided to make use of …

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 … the year of entry into retirement as a rather robust result, while replacement rates keeping the living standard unchanged …