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Households' risk perceptions, overplacement, and financial literacy

Bucher-Koenen, Tabea; Fessler, Pirmin; Silgoner, Maria … - 2024

Household financial resilience is related to the availability of financial resources but also to the ability to anticipate and assess future situations and prepare for them accordingly. Overplacement describes the tendency of individuals to rate themselves better than others, i.e. they believe...

Persistent link: https://www.econbiz.de/10015075031

Who Lost the Most? Financial Literacy, Cognitive Abilities, and the Financial Crisis

Bucher-Koenen, Tabea - 2011

We study how and to what extent private households are affected by the recent financial crisis and how their financial decisions are influenced by this shock. Our analysis reveals that individuals with low levels of financial literacy are less likely to have invested in the stock market and thus...

Persistent link: https://www.econbiz.de/10013131592

Households’ Financial Fragility During the COVID-19 Pandemic in Germany

Cziriak, Marius - 2023

I examine the financial fragility of German households during the second wave of COVID-19 infections in the winter of 2020/21 by analyzing the households’ ability to come up with EUR 2,000 within one month. About one in three households reports being unable to cover an unexpected expense of...

Persistent link: https://www.econbiz.de/10014351503

Reforms of an early retirement pathway in Germany and their labor market effects

Riphahn, Regina T.; Schrader, Rebecca - 2021

We investigate the unemployment pathway to retirement in Germany and study the causal effects of two early retirement … reforms. Reform 1 (NRA) increased normal retirement age stepwise from 60 to 65. Simultaneously, it became possible to use … early retirement with benefit discounts. Reform 2 (ERA) increased the age of early retirement stepwise from 60 to 63. We …

Persistent link: https://www.econbiz.de/10012745216

Reforms of an early retirement pathway in Germany and their labor market effects

Riphahn, Regina T.; Schrader, Rebecca - 2021

Persistent link: https://www.econbiz.de/10012697080

Estimating the Impact of Immigrants on the Host Country Social Security System When Return Migration is an Endogenous Choice

Kïrdar, Murat G. - 2010

In this paper, I estimate the fiscal impact of immigrants on the German pension insurance (PI) and unemployment insurance (UI) systems when return migration is an endogenous choice. For this purpose, I develop a dynamic stochastic model of joint return migration and saving decisions that...

Persistent link: https://www.econbiz.de/10013144386

Maintaining One's Living Standard at Old Age : What Does that Mean? Evidence Using Panel Data from Germany

Dudel, Christian - 2013

How much retirement income is needed in order to maintain one's living standard at old age? As it is difficult to find a firm basis for an empirical treatment of this question, we employ a novel approach to assessing an adequate replacement rate vis-à-vis income in the pre-retirement period. We...

Persistent link: https://www.econbiz.de/10013082346