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307 results, from 281
  • SOEPpapers 226 / 2009

    Marital Risk, Family Insurance, and Public Policy

    The present paper aims to quantify the growth and welfare consequences of changing family structures in western societies. For this reason we develop a dynamic general equilibrium model with both genders which takes into account changes of the marital status as a stochastic process. Individuals respond to these shocks by adjusting savings and labor supply. Our quantitative results indicate that the ...

    2009| Hans Fehr, Manuel Kallweit, Fabian Kindermann
  • SOEPpapers 173 / 2009

    SOEP as a Source for Research on Ageing: Issues, Measures and Possibilities for Improvement

    Demographic change is a key consequence of the development of modern societies. The prolongation of life expectancy, shifts of mortality into later life and long-term low fertility rates cause essential changes in population structures - with an increase in the number and proportion of older people as a key feature. The changes in mortality patterns can be seen as a success of modern society. But demographic ...

    2009| Laura Romeu Gordo, Andreas Motel-Klingebiel, Susanne Wurm
  • SOEPpapers 202 / 2009

    Housing, Energy Cost, and the Poor: Counteracting Effects in Germany's Housing Allowance Program

    Adequate housing and affordable warmth are essential human needs, the lack of which may seriously harm people's health. Germany provides an allowance to low-income households, covering the housing as well as the space heating cost, to protect people from the consequences of poor housing conditions and fuel poverty. In order to limit public expenditures, payment recipients are required to choose low-cost ...

    2009| Peter Grösche
  • SOEPpapers 224 / 2009

    Risk Attitudes and Investment Decisions across European Countries: Are Women More Conservative Investors than Men?

    This study questions the popular stereotype that women are more risk averse than men in their financial investment decisions. The analysis is based on micro-level data from large-scale surveys of private households in five European countries. In our analysis of investment decisions, we directly account for individuals' self-perceivedwillingness to take financial risks. The empirical evidence we provide ...

    2009| Oleg Badunenko, Nataliya Barasinska, Dorothea Schäfer
  • SOEPpapers 219 / 2009

    Reversing the Question: Does Happiness Affect Consumption and Savings Behavior?

    I examine the impact of happiness on consumption and savings behavior using data from the DNB Household Survey from the Netherlands and the German Socio-Economic Panel. Instrumenting individual happiness with regional sunshine, the results suggest that happier people save more, spend less, and have a lower marginal propensity to consume. Happier people take more time for making decisions and have more ...

    2009| Cahit Guven
  • SOEPpapers 186 / 2009

    Factors Influencing Tenure Choice in European Countries

    Homeownership rates are very different across European countries. They range from below 50% in Germany to over 80% in Greece, Spain or Ireland. However the differences lie not only in the overall homeownership rates but also in its structure, and this is the focus of this paper. Its aim is to study the impact of microeconomic factors on household's tenure choice, using a cross-country comparative approach. ...

    2009| Monika Bazyl
  • SOEPpapers 90 / 2008

    Mortgage Market Maturity and Homeownership Inequality among Young Households: A Five-Country Perspective

    This paper uses the newly constructed Luxembourg Wealth Study data to document cross-country variation in homeownership rates and the homeownership-income inequality among young households in Finland, Germany, Italy, the UK and the US, and relate it to cross-country differences in mortgage market maturity. We find that aside from Italy, homeownership rates and inequality in the four countries correspond ...

    2008| Alena Bicakova, Eva M. Sierminska
  • SOEPpapers 133 / 2008

    Private Retirement Savings in Germany: The Structure of Tax Incentives and Annuitization

    The present paper studies the growth, welfare and efficiency consequences of the recent introduction of tax-favored retirement accounts in Germany in a general equilibrium overlapping generations model with idiosyncratic lifespan and labor income uncertainty. We focus on the implicit differential taxation of specific savings motives, the mandatory annuitization of benefits and the impact of special ...

    2008| Hans Fehr, Christian Habermann
  • SOEPpapers 117 / 2008

    Financial Risk Aversion and Household Asset Diversification

    This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first examine the impact of manifested risk aversion on the total number of distinct assets held in a portfolio (naive diversification). The second part of the paper focuses on a more sophisticated strategy of diversification and asks whether financial theory is compatible with observed ...

    2008| Nataliya Barasinska, Dorothea Schäfer, Andreas Stephan
  • Externe referierte Aufsätze

    An Economic Analysis of China's Credit Information Monopoly

    The Chinese government is building the largest public credit information database on earth. The Credit Registry Center of the People's Bank of China registers more than 600 million consumers of which 110 million have a credit relationship with a financial institution. The Center is a public utility monopoly which collects information from banks and non-bank institutions - a unique approach developed ...

    In: China Economic Review 19 (2008), 4, S. 537-550 | Nicola Jentzsch
307 results, from 281
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