Börsch-Supan, Axel; Gasche, Martin; Ziegelmeyer, Michael - In: Perspektiven der Wirtschaftspolitik 11 (2010) 4, pp. 383-406
This study aims at estimating the losses in old-age wealth and forfeited returns. The analysis is based on the German SAVE study in 2008. In comparison to a scenario without the crisis individuals on average lost 4.3% of their financial wealth. Considering only wealth in investment classes...