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SOEPpapers 899 / 2017
We provide levels of, compositions of, and inequalities in household augmented wealth – defined as the sum of net worth and pension wealth – for two countries: the United States and Germany. Pension wealth makes up a considerable portion of household wealth: about 48% in the United States and 61% in Germany. The higher share in Germany narrows the wealth gap between the two countries: While average ...
2017| Timm Bönke, Markus M. Grabka, Carsten Schröder, Edward N. Wolff
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SOEPpapers 853 / 2016
Research on wealth inequality usually focuses on real and financial assets, while pension wealth – the present value of future pension entitlements from public and company pension schemes – receives little attention. This is astonishing, given that pension plans play an important role for material security and well‐being for an overwhelming part of the population and, thus, should be accounted for ...
2016| Timm Bönke, Markus M. Grabka, Carsten Schröder, Edward N. Wolff, Lennard Zyska
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SOEPpapers 325 / 2010
Deploying data from the German Socio-Economic Panel (SOEP) we analyze the variability of individual earnings and equivalent household income. Permanent and transitory variances of male income over the period 1984-2008 are estimated for Old German Laender in order to determine their importance to income dynamics. To uncover the role of the welfare state in smoothening earnings shocks we compute different ...
2010| Charlotte Bartels, Timm Bönke
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Externe Monographien
Gütersloh:
Bertelsmann-Stiftung,
2020,
49 S.
| Timm Bönke, Rick Glaubitz, Konstantin Göbler, Astrid Harnack, Astrid Pape, Miriam Wetter
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Externe referierte Aufsätze
We examine the composition of augmented household wealth, the sum of net worth and pension wealth, in the United States and Germany. Pension wealth makes up a considerable portion of household wealth of about 48% in the United States and 61% in Germany. When pension wealth is included in household wealth, the Gini coefficient falls from 0.889 to 0.700 in the United States and from 0.755 to 0.508 in ...
In:
The Scandinavian Journal of Economics
122 (2020), 3,S. 1140-1180
| Timm Bönke, Markus M. Grabka, Carsten Schröder, Edward N. Wolff
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Externe referierte Aufsätze
The research on wealth inequality has generally focused on real and financial assets, while giving little attention to pension wealth: the present value of future pension entitlements from public and company pension schemes. This is surprising given the important role pension plans play in guaranteeing material security and well‐being for a majority of the population, and suggests that they should ...
In:
The Review of Income and Wealth
65 (2019),4, S. 834-871
| Timm Bönke, Markus M. Grabka, Carsten Schröder, Edward N. Wolff, Lennard Zyska
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Externe referierte Aufsätze
We investigate the hypothesis of failed integration and low social mobility of immigrants. An intergenerational assimilation model is tested empirically on household survey data and validated against registry data provided by the Italian Embassy in Germany. Although we confirm substantial disparities between educational achievements of immigrants and natives, we find that the children of Italian immigrants ...
In:
German Economic Review
19 (2018), 1, S. 1-31
| Timm Bönke, Guido Neidhöfer
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Externe referierte Aufsätze
In aging societies, information on how to reform pension systems is essential to policy makers. This study scrutinizes effects of early retirement disincentives on retirement behavior, individual welfare, pensions and public budget. We employ administrative pension data and a detailed model of the German tax and social security system to estimate a structural dynamic retirement model. We find that ...
In:
Labour Economics
51 (2018), S. 25-37
| Timm Bönke, Daniel Kemptner, Holger Lüthen
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Externe referierte Aufsätze
In many countries organized as federations, fiscal equalization schemes have been implemented to mitigate vertical or horizontal imbalances. Such schemes usually imply that the member states of the federation can only partly internalize (marginal) tax revenue before redistribution. Aside from the internalized marginal revenue, referred to as the marginal tax-back rate, the remainder is redistributed. ...
In:
German Economic Review
18 (2017), 3, S. 377-409
| Timm Bönke, Beate Jochimsen, Carsten Schröder
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Externe referierte Aufsätze
We employ German social security records to investigate intragenerational lifetime earnings inequality and mobility of yearly earnings for 35 cohorts, starting with the birth year 1935. Our main result is a striking secular rise of intragenerational inequality in lifetime earnings: West German men born in the early 1960s are likely to experience about 85% more lifetime inequality than their fathers. ...
In:
Journal of Labor Economics
33 (2015) No. 1, S. 171-208
| Timm Bönke, Giacomo Corneo, Holger Lüthen