insurance between the household categories than in the difference in their savings rates. Whereas the average amount saved on …In recent years the aggregate savings ratio in Germany has declined. The basic causes are, above all, the rise in … and increases in the overall cost of living. Underlying the aggregate savings ratio one finds a substantial dispersion …

Using Danish household level data, we find that a relatively large share of total interest-only mortgage debt is held …-only loans do not fully use the lower instalments to increase their savings or to amortise more expensive debt. This is in … type in Denmark, and the largest difference is found for those families who have the lowest savings propensity, and those …