To counteract the financial pressure emerging in aging societies, statutory pay-as-you-go pension schemes are undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension deductions for early retirement. This paper examines the...

To counteract the financial pressure emerging in aging societies, statutory pay-as-you-go pension schemes are undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension deductions for early retirement. This paper examines the...

Housing property is the most important position in a household's wealth portfolio. Even though there is strong evidence that house price cycles and saving patterns behave synchronously, the underlying causes remain controversial. The present paper examines if there is a wealth effect of house...

In this paper, we utilise data from a German population survey to test the validity of the Ricardian equivalence theorem (RET). In 2013, 2,000 representatively chosen people were asked whether they have altered their consumption and saving behaviour in response to the significant increase in...

This paper investigates if and how confidence at the individual level changes over the course of a life. We provide age profiles of a novel continuous confidence measure and the probability of overconfidence, conditioning on personality traits (including the Big Five and optimism), economic...

This paper contributes to the existing literature by extending Chiswick and Miller's (2001) model to include socioemotional skills. While the theoretical model predicts that exposure, efficiency, and incentives determine language proficiency, we additionally assume that socioemotional skills...

We analyze socioemotional skills' role for destination-language proficiency among recent refugees in Germany. While socioemotional skills have been shown to predict educational outcomes, they have been overlooked for immigrants' language acquisition. We extend a well-established model of...

Climate protection is one of the greatest challenges society and economy are currently facing. In addition to policy (Macro level) and individual consumers (Micro level) also companies (Meso level) are confronted with increasing pressure to act more ecologically sustainable. Besides ecological...

Unternehmertum ist eine wichtige wirtschaftliche Quelle für jedes Land. Allerdings ist der Anteil weiblicher Unternehmer immer noch gering und in den meisten Ländern besteht eine Kluft zwischen den Geschlechtern im Unternehmertum, was bedeutet, dass Wachstumspotential ungenutzt bleibt. Wir...

In this paper, we utilise data from a German population survey to test the validity of the Ricardian equivalence theorem (RET). In 2013, 2,000 representatively chosen people were asked whether they have altered their consumption and saving behaviour in response to the significant increase in...