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's birth place is an important determinant for wealth in adulthood. We exploit a new dataset that oversamples wealthy … individuals in Germany and includes information on birth district, current residence, individual wealth, gifts and inheritances … and parental background. To identify the effect of economic growth on children's wealth we match the population of heirs …
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This paper analyzes behavioral responses to a reform in the German public pension system that allowed individuals with a long contribution history to retire without deductions before reaching the regular retirement age. Following the 2014 reform, individuals with 45 contribution years could...
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