Thema Rente und Vorsorge

Die Entwicklung ist nicht mehr umzukehren: Sechs Fragen an Anika Rasner

Rentenversicherungspflicht ausweiten: Kommentar

Do Wealthier Households Save More? The Impact of the Demographic Factor

This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using pooled cross sections of German consumption survey data. Different components of wealth are distinguished, as their impact on the savings rate is not homogeneous. On average, the effect attributed to real estate dominates the other components of wealth. In addition, the savings rate strongly ...

Sparmotive von jungen, mittelalten und älteren Erwachsenen: erste Ergebnisse eines neuen Inventars zur Erfassung lebenslaufbezogener Sparmotive

There is some research on personal reasons for saving money in the economic sciences. However, not much is known about the age differences of saving motives. In this vein, the future time perspective (FTP) is known to play a critical role for motivation across the life span. In this study, we introduce a new Saving Motive Inventory (SMI), which also covers saving goals after retirement. Furthermore, ...

The Prospects of the Baby Boomers: Methodological Challenges in Projecting the Lives of an Aging Cohort

In most industrialized countries, the work and family patterns of the baby boomers characterized by more heterogeneous working careers and less stable family lives setthem apart from preceding cohorts. Thus, it is of crucial importance to understand how these different work and family lives are linked to the boomers' prospective material well-being as they retire. This paper presents a new and unique ...

Re-examining the Decline in the US Saving Rate: The Impact of Mortgage Equity Withdrawal

In this paper we examine the role of mortgage equity withdrawal in explaining the decline of the US saving rate, since when house prices rise and mortgage rates are low, homeowners have an incentive to withdraw housing equity and this may affect the saving rate. We estimate a Vector Error Correction (VEC) model including the saving rate, asset prices, equity withdrawal and interest rates and find that ...

Liquidity Constraints and the Permanent Income Hypothesis: Pseudo Panel Estimation with German Consumption Survey Data

This paper empirically investigates the relevance of liquidity constraints and excess sensitivity in intertemporal household consumption. Using a pseudo panel that has been constructed on rich German consumption survey data, we estimate the consumption responses to permanent and transitory income shocks, as well as the presence of excess sensitivity to anticipated income changes. A switching regression ...

Does Consumption Decline at Retirement? Evidence from Repeated Cross-Section Data for Germany

The life-cycle hypothesis implies that consumption would not decline at retirement. However, several studies found relevant declines in food consumption after retirement for the United States. Others concluded that this contradiction of the life-cycle hypothesis is solved by allowing for broader measures of consumption than food. Using repeated cross-section data for Germany, this paper analyzes the ...

Tragen ältere Menschen ein erhöhtes Armutsrisiko? Eine Dekompositions- und Mobilitätsanalyse relativer Einkommensarmut für das wiedervereinigte Deutschland

The Distribution of Pension Wealth and the Process of Pension Building: Augmenting Survey Data with Administrative Pension Records by Statistical Matching ; Dissertation

The overhaul of the German system of old-age provision raises concerns about the future distribution of pension rights. Therefore, it is critical to gain a thorough understanding of the role pension wealth plays in the individual's total wealth holdings, but also what individual-level and institutional factors facilitate or impede successful pension building that allow individuals to retire with a ...