While housing equity accounts for a large portion of many retiree's savings portfolios, they are not using their equity to increase consumption in retirement as suggested by the Life-Cycle Hypothesis. Defined benefit plans provide a guaranteed source of income in retirement where the household...

Im Sommer 1993 wurde die sechste Erhebung zur Situation und Entwicklung der betrieblichen Altersversorgung in Industrie- und Handelsunternehmen der alten Bundesländer durchgeführt. Die Erhebung diente der Ermittlung statistischer Daten über die Verbreitung der betrieblichen Altersversorgung,...

Recent models with liquidity constraints and impatience emphasize that consumers use savings to buffer income fluctuations. When wealth is below an optimal target, consumers try to increase their buffer stock of wealth by saving more. When it is above target, they increase consumption. This...