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SOEPpapers 234 / 2009

Schenkungen und Erbschaften im Lebenslauf: vergleichende Längsschnittanalysen zu intergenerationalen Transfers

The research on private financial transfers between generations lacks a longitudinal perspective. Gifts as intergenerational transfers inter vivos allow us to study the importance of life course events for the chances of receiving transfers. In Germany, gifts are highly private and leave more scope for decision-making than the regulated bequests. Thus, gifts are better suited to test theories on family ...

2009| Thomas Leopold, Thorsten Schneider
Diskussionspapiere 946 / 2009

Google Searches as a Means of Improving the Nowcasts of Key Macroeconomic Variables

The Google Insights data are a collection of recorded Internet searches for a huge number of the keywords, which are available since January 2004. These searches represent a kind of revealed perceptions of Internet users, which are a (possibly not entirely representative) sample of the general public. These data can be used to improve the short-term forecasts or nowcasts of various macroeconomic variables. ...

2009| Konstantin A. Kholodilin, Maximilian Podstawski, Boriss Siliverstovs, Constantin Bürgi
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
Diskussionspapiere 928 / 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-perceived willingness to take financial risks. The empirical evidence we provide ...

2009| Oleg Badunenko, Nataliya Barasinska, Dorothea Schäfer
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 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 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
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
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
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
267 results, from 241