How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … change the level of pensions, but only manipulated the knowledge about and salience of expected pension payments. Using … on private retirement savings. Our results show that the letters increase private retirement savings. The effects are …

partner. Due to survivor pensions, married insurants benefit from higher IRR as compared to the non-married. Interestingly …

finanziellen Alterssicherung deutlich unzufriedener ist als die ältere. Dieser Effekt ist unabhängig von der ökonomischen Situation …. Trotz der deutlich gestiegenen Unzufriedenheit mit der Alterssicherung stehen große Teile der Bevölkerung einer … privatwirtschaftlich organisierten Altersvorsorge skeptisch gegenüber. Ganz allgemein kann gezeigt werden, dass mit ihrer Alterssicherung …

uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the … uncompensated interest rate elasticity for savings, in line with the literature, to around zero. Accordingly, any policy …-induced variation of net returns to savings is expected to have no significant effects on the level of savings. Moreover, we find …

We analyze the impact of changing employment patterns and pension reforms on the future level of public pensions across … pensions across cohorts taking into account changing demographics and recent pension reforms. Simulations show that pension …