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Maintaining one's living standard at old age : what does that mean? ; evidence using panel data from Germany

Dudel, Christian; Ott, Notburga; Werding, Martin - 2013

How much retirement income is needed in order to maintain one's living standard at old age? As it is difficult to find a firm basis for an empirical treatment of this question, we employ a novel approach to assessing an adequate replacement rate vis- a-vis income in the pre-retirement period. We...

Persistent link: https://www.econbiz.de/10009766250

The influence of personality traits on private retirement savings in Germany

Schäfer, Konrad C. - 2016 - This version: August 2016

This paper analyzes private retirement savings, the amount for German individuals and how these savings are influenced … investigated how the Big-Five and the Locus of Control influence the decision to have private retirement savings, and the estimated … amount of these savings. Results indicate a positive effect for Extraversion and a negative effect for Agreeableness on the …

Persistent link: https://www.econbiz.de/10011527294

The influence of personality traits on private retirement savings in Germany

Schäfer, Konrad C. - 2016

Persistent link: https://www.econbiz.de/10011538182

Subjective life expectancy and private pensions : conference paper

Bucher-Koenen, Tabea; Kluth, Sebastian - 2013

One important parameter in the decision process when buying a private annuity is individuals' subjective life expectancy, because it directly infuences the expected rate of return. We examine the market for private annuities in Germany and evaluate potential selection effects based on subjective...

Persistent link: https://www.econbiz.de/10010340956

Who is saving privately for retirement and how much? : new evidence for Germany

Metzger, Christoph - 2015

decades. Voluntary savings for retirement will therefore gain more and more relevance in order to maintain one’s standard of … living during retirement. This article examines the savings behavior for retirement on an individual level in Germany. As a …

Persistent link: https://www.econbiz.de/10010517686

Who is Saving Privately for Retirement and How Much? - New Evidence for Germany

Metzger, Christoph - 2016

decades. Voluntary savings for retirement will therefore gain more and more relevance in order to maintain one's standard of … living during retirement. This article examines the savings behavior for retirement on an individual level in Germany. As a …

Persistent link: https://www.econbiz.de/10012993075

Financial Literacy and Retirement Planning in Germany

Bucher-Koenen, Tabea - 2011

We examine financial literacy in Germany using data from the SAVE survey. We find that knowledge of basic financial concepts is lacking among women, the less educated, and those living in East Germany. In particular, those with low education and low income in East Germany have little financial...

Persistent link: https://www.econbiz.de/10013126882