How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide …

pension contributions and expected standard of living in retirement, using microdata from the German Panel on Household … have lower (higher) expected standards of living in retirement, due to the uncertainty regarding intrahousehold resource … sharing. The empirical results suggest that household bargaining is significantly correlated with individual retirement …

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 …