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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 …
Persistent link: https://www.econbiz.de/10010517686
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 …
Persistent link: https://www.econbiz.de/10011595922
deductions for early retirement. This paper examines the evolution of the profitability of pension contributions against the …
Persistent link: https://www.econbiz.de/10010362261
deductions for early retirement. This paper examines the evolution of the profitability of pension contributions against the …
Persistent link: https://www.econbiz.de/10010362934
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 …
Persistent link: https://www.econbiz.de/10012993075
This paper provides a two-part empirical analysis on how actuarial reduction rates for early retirement affect current …’s retirement planning. First, when looking at administrative records, early retirement shows a high prevalence at the extensive and … survey is exploited where respondents are offered a hypothetical deal for early retirement if in turn they are willing to …
Persistent link: https://www.econbiz.de/10014142456
responsibility for an adequate retirement provision towards the individual. Applying the theoretical perspectives of Behavioural … Finance and New Institutionalism to the domain of retirement provision offers insights into the difficulties individuals are … facing in planning for retirement, carrying out, and revising plans. Lacking financial literacy seems to lie at the heart of …
Persistent link: https://www.econbiz.de/10013139316
This paper provides a two-part empirical analysis on how actuarial reduction rates for early retirement affect current … retirement planning. First, by evaluating a large dataset of administrative records it becomes evident that early retirement … retirement if in turn they were willing to accept an actuarial reduction on their pension. It becomes evident that the maximum …
Persistent link: https://www.econbiz.de/10010484766
Western societies. Starting with cohort 1937, Germany introduced permanent pension deductions for early retirement. This paper …
Persistent link: https://www.econbiz.de/10010488502
In a large online experiment, we relate the retirement timing decision to the disparity between the willingness … order to delay retirement is elicited. Our results reveal that the framing of the decision problem strongly influences … participants' reservation price for early retirement. The willingness-to-accept for early retirement is more than twice as high as …
Persistent link: https://www.econbiz.de/10012973339