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Rates of return and early retirement disincentives : evidence from a German pension reform

Lüthen, Holger - 2014

undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension … background of this reform for cohorts 1935-1945. I measure the profitability with the internal rate of return (IRR) and use high … that the deductions introduced by the reform only cause some part of this trend. The majority of the trend, about 75 …

Persistent link: https://www.econbiz.de/10010362261

Profitability of pension contributions : evidence from real-life employment biographies

Schröder, Carsten - 2010

partner. Due to survivor pensions, married insurants benefit from higher IRR as compared to the non-married. Interestingly …. -- Pay-as-you-go ; pensions ; rate of return ; redistribution ; employment biography …

Persistent link: https://www.econbiz.de/10009262081

How does maternal pension wealth affect family old-age savings in Germany?

Thiemann, Andreas - 2016

This paper examines how families adjust their private old-age savings in response to a change in individual pension wealth. The regression discontinuity approach exploits two expansions of the child care pension benefit, in 1992 and in 1999, as natural experiments. The empirical analysis is...

Persistent link: https://www.econbiz.de/10011441486

Does consumption decline at retirement? : evidence from repeated cross-section data for Germany

Beznoska, Martin; Steiner, Viktor - 2012

-section data for Germany, this paper analyzes the retirement consumption puzzle for the German case. For our broadest consumption …

Persistent link: https://www.econbiz.de/10009579313

Incentives to retire later : a solution to the social security crisis?

Breyer, Friedrich; Kifmann, Mathias - 2001

retirement age and benefit level. The present paper is devoted to analyzing the long-run financial implications of such a reform … werden. In dieser Arbeit werden die langfristigen finanziellen Konsequenzen einer solchen Reform analysiert. Wir zeigen, dass …

Persistent link: https://www.econbiz.de/10011435789

Demographic change, endogenous labor supply and the political feasibility of pension reform

Breyer, Friedrich; Stolte, Klaus - 2000

models of the political economy of pension reform can not explain why such reform options are being discussed at all. We …

Persistent link: https://www.econbiz.de/10011432781

The rising longevity gap by lifetime earnings : distributional implications for the pension system

Haan, Peter; Kemptner, Daniel; Lüthen, Holger - 2017

This study uses German social security records to provide novel evidence about the heterogeneity in life expectancy by lifetime earnings and, additionally, documents the distributional implications of this earnings-related heterogeneity. We find a strong association between lifetime earnings and...

Persistent link: https://www.econbiz.de/10011746805

The effect of social comparison on debt taking : experimental evidence

Grohmann, Antonia; Koch, Melanie - 2022

A number of studies show that there is a link between social comparison and high levels of household debt. However, the exact mechanisms behind this link are not yet well understood. In this paper, we disentangle two mechanisms by performing a lab experiment designed to study the effects of...

Persistent link: https://www.econbiz.de/10012816002

Financial literacy and financial behavior : evidence from the emerging Asian middle class

Grohmann, Antonia - 2017 - This version: November, 2017

This paper analyses financial literacy and financial behavior of middle class people living an urban Asian economy. Other than most papers on financial literacy that focus on people in developed countries, we surveyed people living Bangkok. Using standard financial literacy questions, we find...

Persistent link: https://www.econbiz.de/10011755401

Financial literacy : Thai middle class women do not lag behind

Grohmann, Antonia; Hübler, Olaf; Kouwenberg, Roy; … - 2016

This research studies the stylized fact of a "gender gap" in that women tend to have lower financial literacy than men. Our data which samples middle-class people from Bangkok does not show a gender gap. This result is not explained by men's low financial literacy, nor by women's high income and...

Persistent link: https://www.econbiz.de/10011553048