Departing from the implication of the basic life cycle model that substantial wealth inequality may arise simply because of differences in age, at first, we investigate the quantitative importance of age as a source of wealth differences in Germany using individual wealth data from the German...

Fertility rates decline in most developed countries. This is especially true for Germany. Fertility is highly correlated with the skill level of women. The age at school enrolment and therefore the age at graduation depends on the month of birth. Children born before the cut-off date start...