Common ownership - when an investor holds shares in two or more companies - has recently attracted significant attention from policy-makers and researchers, studying mainly US firms. European firms, however, are different as top investors with large stakes, like governments, founding families and foundations are much more prevalent. This paper takes a well-known common ownership with micro-economic ...
We examine the gender wealth gap with a focus on pension wealth and statutory pension rights. By taking into account employment characteristics of women and men, we are able to identify the extent to which the redistributive effect of pension rights reduces the gender wealth gap. The data for our analysis come from the German Socio-Economic Panel (SOEP), one of the few surveys that collects information ...
This study analyzes the causal effect of an increase in the retirement age on official health diagnoses. We exploit a sizable cohort-specific pension reform for women using a Difference-in-Differences approach. The analysis is based on official records covering all individuals insured by the public health system in Germany and including all certified diagnoses by practitioners. This enables us to gain ...
Während das gesetzliche Rentenrecht eine für alle Versicherten einheitliche Regelaltersgrenze vorsieht, deuten empirische Befunde auf eine ungleiche Verteilung der Lebenserwartung hin. Je nach Einkommenshöhe, beruflicher Stellung, berufsbedingten gesundheitlichen Belastungen oder dem Geschlecht leben die Bürger unterschiedlich lang. Zu vermuten ist, dass deshalb auch die Rentenbezugsdauer der gesetzlich ...
This study contributes to the subjective well-being and retirement literature by quantifying life satisfaction before (4) and after retirement (9+) periods asking: Are retirees more satisfied? Fixed-effects and causal instrumental variables (IV) estimates with individual longitudinal data of the Socio-Economic Panel (SOEP, 33 waves) analyze anticipation and adaptation retirement effects of statutory ...
Zur Stabilisierung der Finanzen der Gesetzlichen Rentenversicherung wird regelmäßig eine weitere Anhebung des Renteneintrittsalters gefordert. Ein längeres Arbeitsleben hat jedoch Auswirkungen auf die Gesundheit. Anhand von detaillierten Daten der gesetzlichen Krankenkassen zeigen Untersuchungen, dass die Abschaffung der „Rente für Frauen“ im Jahr 1999, die einen Renteneintritt ab einem Alter von 60 ...