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We examine the causal effect of education on financial outcomes related to stock markets and retirement savings … to influence behavioral biases or heuristics in retirement plans. The reform leads to a 3% increase in pension savings …
Persistent link: https://www.econbiz.de/10015407743
We empirically investigate the distributional consequences of the Riester scheme, the main private pension subsidization program in Germany. We find that 38% of the aggregate subsidy accrues to the top two deciles of the population, but only 7.3% to the bottom two. Nonetheless the Riester scheme...
Persistent link: https://www.econbiz.de/10011281656
pension contributions and expected standard of living in retirement, using microdata from the German Panel on Household … have lower (higher) expected standards of living in retirement, due to the uncertainty regarding intrahousehold resource … sharing. The empirical results suggest that household bargaining is significantly correlated with individual retirement …
Persistent link: https://www.econbiz.de/10012697947
Persistent link: https://www.econbiz.de/10015100426
This paper documents trends over the last two decades in retirement and retirement income choices by TIAA participants …. From 2000-2018, the distribution of retirement ages shifted to older ages. The average retirement age rose by approximately … 1.3 years for women and 2 years for men. There is considerable variation in the elapsed time between retirement and the …
Persistent link: https://www.econbiz.de/10014236424
in retirement. Using an estimated structural model of saving and housing decisions, we find, first, that homeowners …
Persistent link: https://www.econbiz.de/10012198364
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 … out to be less likely to save additionally privately for retirement. In a second step the chosen gross saving rates are …
Persistent link: https://www.econbiz.de/10010517686
Persistent link: https://www.econbiz.de/10011863672
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's retirement decision. Using administrative pension insurance records from Germany, I examine the impact of a pension subsidy …
Persistent link: https://www.econbiz.de/10011913479