Understanding how households form their long-term saving and investment decisions to shoulder risks not covered by social security systems has been of primary importance in all the countries which, like Germany, introduced major reforms to face the challenges of an aging population. This paper...

We study the relation between workers’ age and their productivity in work teams, based on a new and unique data set that combines data on errors occurring in the production process of a large car manufacturer with detailed information on the personal characteristics of workers re-lated to the...