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 …

partner. Due to survivor pensions, married insurants benefit from higher IRR as compared to the non-married. Interestingly …

effects of public pensions and credit rationing. These implications are not much affected by whether altruism is assumed or …

higher-return tax-advantaged private pensions and in housing. Second, we find that only the most patient households achieve …

applied to study welfare and savings implications of automatic enrolment into private pensions. The default option effect on …

Western societies. Starting with cohort 1937, Germany introduced permanent pension deductions for early retirement. This paper … examines the evolution of the profitability of pension contributions against the background of this reform for cohorts 1935 … the reform only cause some part of this trend, with a major part caused by increases in contributions. …

public pension payments. This reform did not change the level of pensions, but only provided information to individuals about … direct way to increase public pensions, increase after receiving the letter. …

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 …