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. Here we show that social security income (i.e., income from public, industry-wide, insurance-based, retirement and …
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The German pension reforms in 2001 and 2004 increased the importance of private supplemental savings for retirement …. Calculating the appropriate retirement income needed and choosing the right product postulates some degree of financial knowledge … retirement savings. Germans seem to have a good grasp of basic financial concepts. However, individuals with low education face …
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This paper examines how the economic well-being of households changes after a male household member exits the labor force. We examine, in four countries, labor force exits at various ages and present evidence on household income from various sources before and after the exit occurs. We focus on...
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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...
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