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How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … and comprehensible information about the pension system and individual expected pension payments. This reform did not … change the level of pensions, but only manipulated the knowledge about and salience of expected pension payments. Using …
Persistent link: https://www.econbiz.de/10011536015
, are highly unpopular. This contribution looks into the role of intrinsic motivation as a driver for pension reform … acceptance. Theoretical reasoning suggests that this driver should be relevant: The choice among different pension reform options … (increasing pension age, increasing contributions, cutting pensions) can be analyzed within the framework of an optimal job …
Persistent link: https://www.econbiz.de/10010305880
-term sustainability. We argue that the latest reforms have moved pension provision in Germany in principle from a defined benefit to a … pension levels and raising mandatory pension age. Finally the paper discusses further possible reform measures, including the … option to install a fourth pillar providing income in retirement through working after pension age. …
Persistent link: https://www.econbiz.de/10010298806
In a field experiment with 341 participants, we study whether social comparisons, either in isolation or in combination with a climate-related moral appeal, can change the use of public and car-related transportation. We do so in the context of a mobility budget offered to employees of a large...
Persistent link: https://www.econbiz.de/10014000487
Austria, Germany, Italy, the Netherlands, Swe­den, Switzerland and the UK. We exploit within-country variation in …
Persistent link: https://www.econbiz.de/10012222254
How to invest and decumulate wealth during retirement has far-reaching consequences for consumption during retirement … investigate the choice between phased withdrawal plans with varying riskiness resulting in volatile retirement income. We find … that 40% of the participants choose some risk and thus, accept fluctuations in retirement income. Second, we analyze the …
Persistent link: https://www.econbiz.de/10014313929
the unemployment benefits scheme. We show that the reform effectively reduced the amount of early retirement at the … vorliegenden Arbeit werden die Auswirkungen dieser Reform auf Übergänge von Beschäftigung in Arbeitslosigkeit und Verweildauern in … der 54-56jährigen nach der Reform abnimmt. Au?erdem wird eine Verkürzung der Dauer der Arbeitslosigkeit nach der Reform …
Persistent link: https://www.econbiz.de/10010298017
I examine the financial fragility of German households during the second wave of COVID-19 infections in the winter of 2020/21 by analyzing the households' ability to come up with EUR 2,000 within one month. About one in three households reports being unable to cover an unexpected expense of EUR...
Persistent link: https://www.econbiz.de/10013482881
We examine the financial resilience of Austrian households, relating it to their experience of financial shocks earlier in life and to their financial literacy. We find that previous negative (positive) financial shocks are negatively (positively) related to financial resilience. Financial...
Persistent link: https://www.econbiz.de/10014476350
In this paper we investigate behavioral constraints to savings among smallholder farmers in rural Ethiopia. Increasing savings by overcoming such behavioral constraints has been documented to have positive effects on various outcomes such as health, education, and agricultural investments. We...
Persistent link: https://www.econbiz.de/10012140942