Im Jahr 2009 bezogen 2,3 Millionen Menschen Leistungen der gesetzlichen Pflegeversicherung. Bis 2020 wird diese Zahl um ein Fünftel steigen und sich bis 2050 mehr als verdoppelt haben. Auf einen solchen Anstieg ist die Finanzierung der Pflegeversicherung jedoch nicht angelegt. Spätestens nach...

Die Riester-Rente beziehungsweise die einzelnen Riester-Produkte haben sich seit ihrer Einführung zuungunsten von Sparern verändert. Verträge, die heute abgeschlossen werden, führen oftmals zu einer geringeren Rendite als 2001 vereinbarte Verträge. Insgesamt sind die Renditen aus...

This lecture considers the case for consumer financial regulation in an environment where many households lack the knowledge to manage their financial affairs effectively. The lecture argues that financial ignorance is pervasive and unsurprising given the complexity of modern financial products,...

Die Verhaltensökonomie und ihre praktischen Implikationen geraten immer stärker in den Fokus auch der deutschen Politik. Individuelle Entscheidungen sollen im Sinne eines "libertären Paternalismus" sanft beeinflusst werden. Die 'Nudges' bestehen in Standardvorgaben, Selbstbindungen und der...

This research note empirically investigates whether cash can prevent consumers from making needless purchases in unexpected shopping situations. Cash can have a disciplinary effect on short-term consumption because it imposes a strong temporary budget constraint and also reinforces the pain of...

This paper provides an informative picture of the extent of regional inequality of economic outcomes and opportunities in the pre-and post-reform Ethiopia. We start by presenting evidence that regional inequality in educational attainment, formal employment, and access to safe water and...

The study analyses the welfare performance of banks’ lending services in the Ghanaian banking industry with emphasis on the role of market power and efficiency. We made use of pooled OLS regression with fixed effect model. For robustness, we adopted Prais–Winsten (1954) regression and...

This study investigates the rationale for issuing complex securities to retail investors. We focus on a large market of investment products targeted exclusively at households: retail structured products in Europe. We develop an economic measure of product complexity in this market via a text...

A Personal Contract Purchase (PCP) plan is an innovative, complex and increasingly popular form of car finance. Consumers pay a deposit and monthly payments, but instead of paying off the total value of the car, they pay off the depreciation over a specified term. We used an experiment to...

There is a need to identify household debt behaviour in different age cohorts even in countries without prominent household debt problems so that the measures for vulnerable groups can be made. Authors used multilevel mixed effect analysis to test the effect of age and other variables on demand...