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Diskussionspapiere 1140 / 2011

Longevity, Life-Cycle Behavior and Pension Reform

How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the public pension system. We calculate that, ...

2011| Peter Haan, Victoria Prowse

Longevity, Life-Cycle Behavior and Pension Reform

Bonn: IZA, 2011, 39 S.
(Discussion Paper Series / Forschungsinstitut zur Zukunft der Arbeit ; 5858)
| Peter Haan, Victoria Prowse
SOEPpapers 412 / 2011

Intergenerational Transmission of Risk Attitudes: A Revealed Preference Approach

This study investigates whether the willingness to take income risks revealed by occupational choice is transmitted from parents to their children. Using data from the German Socio-Economic Panel (SOEP), we find that fathers' riskiness of job is a significant determinant of children's occupational risk, in particular sons' (excluding parent-child pairs with identical occupations). This is the first ...

2011| Andrea Leuermann, Sarah Necker
SOEPpapers 350 / 2010

Broke, Ill, and Obese: The Effect of Household Debt on Health

We analyze the effect of household indebtedness on different health outcomes using data from the German Socio-Economic Panel from 1999-2009. To establish a causal effect, we rely on (a) fixed-effects methods, (b) a subsample of constantly employed individuals, and (c) lagged debt variables to rule out problems of reverse causality. We apply different measures of household indebtedness, such as the ...

2010| Matthias Keese, Hendrik Schmitz
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 527 / 2012

Does Subsidizing Investments in Energy Efficiency Reduce Energy Consumption? Evidence from Germany

Improving energy efficiency is one of the three pillars of the European energy and climate targets for 2020 and has led to the introduction of several policy measures to promote energy efficiency. The paper analyzes the effectiveness of subsidies in increasing energy efficiency in residential dwellings. An empirical analysis is conducted in which the effectiveness of subsidies on the number of dwelling ...

2012| Caroline Dieckhöner
SOEPpapers 500 / 2012

Mobility Regimes and Parental Wealth: The United States, Germany, and Sweden in Comparison

We study the role of parental wealth for children's educational and occupational outcomes across three types of welfare states and outline a theoretical model that assumes parental wealth to impact offspring's attainment through two mechanisms, wealth's purchasing function and its insurance function. We argue that welfare states can limit the purchasing function of wealth, for instance by providing ...

2012| Fabian T. Pfeffer, Martin Hällsten
SOEPpapers 583 / 2013

Health-Related Life Cycle Risks and Public Insurance

This paper proposes a dynamic life cycle model of health risks, employment, early retirement, and wealth accumulation in order to analyze the health-related risks of consumption and old age poverty. In particular, the model includes a health process, the interaction between health and employment risks, and an explicit modeling of the German public insurance schemes. I rely on a dynamic programming ...

2013| Daniel Kemptner
FINESS Working Papers 6.1 / 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 295 / 2010

Multidimensional Measurement of Richness: Theory and an Application to Germany

Closely following recent innovations in the literature on the multidimensional measurement of poverty, this paper provides similar measures for the top of the distribution using a dual cutoff method to identify individuals, who can be considered as rich in a multidimensional setting. We use this framework to analyze the role of wealth, health and education, in addition to income, as dimensions of multidimensional ...

2010| Andreas Peichl, Nico Pestel
286 results, from 271