Financing pensions in the EU is a challenge. Many EU countries introduced private pension schemes to compensate declining public pension levels due to reforms made necessary by demographic change. In 2001, Germany introduced the Riester pension. Ten years after introduction the prevalence rate...

Based on the HRS, I find strong dissaving of nursing home residents and a significant overestimation of U.S. saving rates from age 75 onwards if nursing home residents are excluded as in most micro datasets.

Since about ¾ of all self-employed are not secured by a mandatory pension plan, the question arises to what extent old-age poverty could become a problem for them. Therefore, a detailed study of how the self-employed save for their retirement seems necessary. The SAVE panel of 2005-2008 offers...

Questions about monetary variables (such as income, wealth or savings) are key components of questionnaires on household finances. However, missing information on such sensitive topics is a well-known phenomenon which can seriously bias any inference based only on complete-case analysis. Many...

Die Finanz- und Wirtschaftskrise hat sich zwar negativ auf den Wert von Vermögensanlagen ausgewirkt aber nicht so stark, wie allgemein angenommen wird. Die Dynamik in der Verbreitung der Riester-Verträge wurde allerdings durch die Krise gestoppt. Einen leichten Rückgang gab es vor allem bei...