Thema Rente und Vorsorge

Do Wealthier Households Save More? The Impact of the Demographic Factor

This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using pooled cross sections of German consumption survey data. Different components of wealth are distinguished, as their impact on the savings rate is not homogeneous. On average, the effect attributed to real estate dominates the other components of wealth. In addition, the savings rate strongly ...

Distributional Effects of the European Emissions Trading System and the Role of Revenue Recycling: Empirical Evidence from Combined Industry- and Household-Level Data

We calculate the expected distributional effects of the European Emissions Trading System combining industry and household-level data. By combining data on direct CO2 emissions by production sector from the German Environmental Account with the German Input-Output Accounts, we calculate the CO2 intensity of each sector covered by the EU ETS. We focus on the impact of price increases in the electricity ...

Does Consumption Decline at Retirement? Evidence from Repeated Cross-Section Data for Germany

The life-cycle hypothesis implies that consumption would not decline at retirement. However, several studies found relevant declines in food consumption after retirement for the United States. Others concluded that this contradiction of the life-cycle hypothesis is solved by allowing for broader measures of consumption than food. Using repeated crosssection data for Germany, this paper analyzes the ...

Empirical Studies on Economic Risks, Demographic Change, and Public Policy: Dissertation

This cumulative dissertation consists of three contributions that empirically analyse economic risks at the level of the individual and the household from different perspectives. The first analysis "Future public pensions and changing employment patterns across cohorts" aims to quantify the effects of labour market changes and pension reforms across birth cohorts in East and West Germany. The pension ...

Sparer reagieren kaum auf Zinsänderungen

Wie reagieren private Haushalte auf eine Veränderung der Verbraucherpreise oder des Zinsniveaus? Reduzieren sie gegenwärtigen Konsum und sparen stattdessen für die Zukunft, wenn Preise oder Zinssätze steigen? Oder lassen sie ihren einmal gewählten Konsumpfad unverändert? Nur wer die Antworten auf diese Fragen kennt, kann steuer- und sozialpolitische Reformen wie die Einführung einer Abgeltungsteuer, ...

The Effect of Health and Employment Risks on Precautionary Savings

This paper extends the idea of using ex-ante risk measures in a model of precautionary savings by explicitly simulating future net-income risks. The uncertainty measure takes into account the interdependency of labour market status and health. The model is estimated for prime age males using the German Socio-Economic Panel Study for years 2001-2007. The empirical analysis is conducted using a measure ...

Riester-Rente: Rezept gegen Altersarmut?

Die 2001 eingeführte staatliche Förderung der sogenannten Riester-Rente hat zum Ziel, die Anreize zum Aufbau einer kapitalgedeckten privaten Altersvorsorge zu erhöhen. In erster Linie soll die private Vorsorge Versicherten der gesetzlichen Rentenversicherung und Beamten helfen, die langfristige Niveauabsenkung der gesetzlichen Renten und Pensionen zu kompensieren. Darüber hinaus zielt die staatliche ...

Longevity, Life-Cycle Behavior and Pension Reform

How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the public pension system. We calculate that, ...

Longevity, Life-Cycle Behavior and Pension Reform

Longevity, Life-Cycle Behavior and Pension Reform

How can public pension systems be reformed to ensure fiscal stability in the face of increasing life expectancy? To address this pressing open question in public finance, we estimate a life-cycle model in which the optimal employment, retirement and consumption decisions of forward-looking individuals depend, inter alia, on life expectancy and the design of the public pension system. We calculate that, ...