This paper studies the role of pensions and income taxes in determining homeownership and household wealth. It provides a cross-country analysis, using tax and pension policy designs in Germany, the US and Australia. These developed nations have similar incomes per capita but very different...

We study the interplay between tenure decisions, stock market investment and the public social security system. Housing equity not only serves a dual purpose as a consumption good and as an asset, but also provides insurance to buffer various risks in retirement. Our life cycle model captures...

We study the interplay between tenure decisions, stock market investment and the public social security system. Housing equity not only serves a dual purpose as a consumption good and as an asset, but also provides insurance to buffer various risks in retirement. Our life cycle model captures...

This paper studies the role of pensions and income taxes in determining homeownership and household wealth. It provides a cross-country analysis, using tax and pension policy designs in Germany, the US and Australia. These developed nations have similar incomes per capita but very different...

Dieser Aufsatz beschäftigt sich mit der fairen Bewertung einer von der Deutschen Bank AG emittierten Aktienanleihe mit Barriere, die als „Easy-Aktienanleihe“ (ISIN: DE000XM6XYZ2) am Markt angeboten wird. Da Aktienanleihen mit Barriere strukturierte Produkte sind, zerlegen wir diese hierfür...