Showing 1 - 10 of 143
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 …
Persistent link: https://www.econbiz.de/10011535690
The paper presents a model where public pensions are determined by majority voting. Voters differ by age and income …
Persistent link: https://www.econbiz.de/10010260696
As one possible solution to the well-known financing crisis of unfunded social security systems, an increase in the retirement age is a popular option. To induce workers to retire later, it has been proposed to strengthen the link between retirement age and benefit level. The present paper is...
Persistent link: https://www.econbiz.de/10010260779
We use a life cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using...
Persistent link: https://www.econbiz.de/10010291783
We estimate the effects of income from various sources on charitable giving using administrative German income tax data. We demonstrate that charitable contributions are not uniformly affected by different income types. While business and capital income exhibit a positive effect, the remaining...
Persistent link: https://www.econbiz.de/10011441166
System der bundesdeutschen Alterssicherung auf der Basis der Humankapitalheorie mit Simulationsmethoden analysieren. Falls es …
Persistent link: https://www.econbiz.de/10003650247
More than one third of the European Union's total budget is spent on socalled Cohesion Policy via the structural funds. Its main purpose is to promote the development of the EU and to support convergence between the levels of development of the various European regions. Investigating the impact...
Persistent link: https://www.econbiz.de/10003881569
This study investigates the impact of R&D subsidies on R&D investment during the past financial crisis. We conduct a treatment effects analysis and show that R&D subsidies increased R&D spending among subsidized small and medium sized firms in Germany during the crisis years. In the first crisis...
Persistent link: https://www.econbiz.de/10010341825
In 2003, Germany moved from a system in which participants in training programs for the unemployed are assigned by caseworkers to an allocation system using vouchers. Based on the rich administrative data for all vouchers and on actual program participation, we provide inverse probability...
Persistent link: https://www.econbiz.de/10010405990
This paper examines the role of alternative assumptions on savings and expectations for the fixwage traverse with … under the Hicksian Q-Assumption are investigated. Subsequently, the consequences of several savings functions consistent …
Persistent link: https://www.econbiz.de/10011444706