Download or read book What Determines the Saving Behavior of German Households written by Daniel Schunk and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Job Security Perceptions and the Saving Behavior of German Households written by Marcus Klemm and published by . This book was released on 2013 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the co-movements of job security perceptions and household saving rates using data from the 1992 to 2010 waves of the German Socio-Economic Panel. The empirical analysis reveals that higher job insecurity is generally accompanied by slightly lower saving which suggests that employment and fi nancial insecurity typically go hand-in-hand. When confounding changes in the perception of financial security are controlled for, slight evidence for precautionary saving behavior is found. This behavior is of rather small economic importance and limited to households that are somewhat worried about their fi nancial situation who increase their saving by about 0.3%-points or EUR 100 annually in the light of increased job insecurity. In contrast, no significant change in saving is observed for households that are either very concerned or not at all concerned about their fi nancial situation, i.e., either financially constrained or in possession of a buff er-stock of wealth.
Download or read book International Comparisons of Household Saving written by James M. Poterba and published by University of Chicago Press. This book was released on 2007-12-01 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments and corporations may chip in, but around the world houshold saving is the biggest factor in national saving. To better understand why saving rates differ across countries, this volume provides the most up-to-date analyses of patterns of household saving behavior in Canada, Italy, Japan, Germany, the United Kingdom, and the United States. Each of the six chapters examines micro data sets of household saving within a particular country and summarizes statistics on patterns of saving by age, income, and other demographic factors. The authors provide age-earning profiles and analyses of the accumulation of wealth over the lifetime in a clear way that allows quick comparisons between earning, consumption, and saving in the six countries. Designed as a companion to Public Policies and Household Saving (1994), which addresses saving policies in the G-7 nations, this volume offers detailed descriptions of saving behavior in all G-7 nations except France.
Download or read book Household Savings in Germany written by Axel H. Börsch-Supan and published by . This book was released on 2009 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes how German households save and how their saving behavior is linked to public policy, notably pension policy. The analysis is based on a synthetic panel of four cross sections of the German Income and Expenditure Survey (quot;Einkommens- und Verbrauchsstichproben,quot; EVS, 1978, 1983, 1988, and 1993). The paper carefully distinguishes between several saving measures and concepts. It separates discretionary savings from mandatory savings and uses two flow measures: first, the sum of purchases of assets minus the sum of sales of assets and, second, the residual of income minus consumption. Our main finding is a hump-shaped age-saving profile with a high overall saving rate. However, savings remain positive in old age, even for most low-income households. How can we explain what may be termed the quot;German savings puzzlequot;? Germany has one of the most generous public pension and health insurance systems in the world, yet private savings are high until old age. We provide a complicated answer that combines historical facts with capital market imperfections and a distinction between the role of discretionary and mandatory savings.
Download or read book The Development of the Pension Gap and German Households Saving Behavior written by Axel Börsch-Supan and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Household Saving in Germany written by Axel Börsch-Supan and published by . This book was released on 2003 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Germany is an interesting country to study saving among older households since nearly everyone - whether in the middle income bracket or richer - saves substantial amounts in old age. Only households in the lowest quarter of the income distribution spend more between the ages of 60 and 75 than they save. Our paper exploits newly collected data, the first wave of the so-called SAVE panel, specifically collected to understand economic, psychological and sociological determinants of saving. Overall, we find extraordinarily stable savings patterns. More than 40% of German households save regularly a fixed amount. About 25% of German households plan their savings and have a clearly defined savings target in mind. Most of German household saving is in the form of contractual saving, such as saving plans, whole life insurance and building society contracts. This makes the flow of saving rather unresponsive to economic fluctuations, such as income shocks. Most households prefer to cut consumption if ends do not meet. In particular the elderly do not like to use credit cards, and they eschew debt. We suspect large cohort differences and will study them once further waves of the SAVE panel will become available.
Download or read book Household Saving in Germany written by Axel H. Börsch-Supan and published by . This book was released on 2010 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Germany is an interesting country to study saving among older households since nearly everyone - whether in the middle income bracket or richer - saves substantial amounts in old age. Only households in the lowest quarter of the income distribution spend more between the ages of 60 and 75 than they save. Our paper exploits newly collected data, the first wave of the so-called SAVE panel, specifically collected to understand economic, psychological and sociological determinants of saving. Overall, we find extraordinarily stable savings patterns. More than 40% of German households save regularly a fixed amount. About 25% of German households plan their savings and have a clearly defined savings target in mind. Most of German household saving is in the form of contractual saving, such as saving plans, whole life insurance and building society contracts. This makes the flow of saving rather unresponsive to economic fluctuations, such as income shocks. Most households prefer to cut consumption if ends do not meet. In particular the elderly do not like to use credit cards, and they eschew debt. We suspect large cohort differences and will study them once further waves of the SAVE panel will become available.
Download or read book Savings Behavior of Private Households in Germany written by Lothar Essig and published by . This book was released on 2005 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Saving Behavior of German Families written by Armin Rick and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Analyses in the Economics of Aging written by David A. Wise and published by . This book was released on 2005-08-03 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: Summarizing new research on a range of topics on the theme of the relationship between economics & aging, this volume offers various perspectives on savings & retirement behaviours across the world.
Download or read book A Critical Appraisal of Germany s Thermal Retrofit Policy written by Ray Galvin and published by Springer Science & Business Media. This book was released on 2013-07-25 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: Germany is seen as a leader in thermal retrofit policy and practice, but how effective is its approach? A Critical Appraisal of Germany's Thermal Retrofit Policy examines this policy in context and assesses its effectiveness. It finds that technical constraints and the costs of retrofitting reduce the rate of progress, while planning underestimates the influence of user behavior in the form of rebound and prebound effects. A key finding is that savings can be maximized within a policy that understands the actual behavior and motivation of households, the area where most energy savings are already taking place. The book suggests a new policy paradigm that would encourage a better balance of partial and comprehensive retrofits, utilizing household behavior changes based on a better understanding of fuel saving motivation and fuel price elasticity. In this approach, the thermal building regulations would be made more flexible so that policymakers would: - Promote partial, transitional and cost-optimal retrofits, which are more certain to pay back through fuel savings if they are appropriate to building typology and homeowner budgets. - Promote comprehensive retrofits for reasons other than economic gain, focusing instead on the comfort and environmental benefits of energy-efficient homes. - Invest more heavily in educating households to heat economically, learning from the prebound effect so as to maximize the utility of the homes they currently occupy, and base payback time calculations on actual consumption. The results and findings of this book would be of interest to policymakers, researchers and graduate students alike.
Download or read book Savings behavior of private households in the United States and West Germany written by Barbara Kauffmann and published by . This book was released on 1989 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Pfenning Saved written by Shane Sloan and published by . This book was released on 2015 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Savings Behavior and Asset Choice of Households in Germany written by Christopher Sheldon and published by . This book was released on 2006 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Life Cycle Savings and Public Policy written by Axel Borsch-Supan and published by Elsevier. This book was released on 2003-01-09 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: Life-Cycle Savings and Public Policy examines data on many households from a number of different countries. The hope is that through these observations we can learn about the ways policies affect savings, and that other differences among savers can be controlled for, instead of being blamed on cultural differences. This book features a consistent framework among chapters. It reaches a harmony between measurement and analysis to compare accurately the resulting data and statistics. It provides econometric methodology to reveal the way policies affect savings. The book features data on household savings in Germany, Italy, Japan, the Netherlands, the U.K., and the U.S. This book is recommended reading for anyone interested in saving, social insurance policy, or capital formation. - Features a consistent framework among chapters - Reaches a harmony between measurement and analysis to compare accurately the resulting data and statistics - Provides econometric methodology to reveal the way policies affect savings
Download or read book The Development of the Pension Gap and German Household s Behavior written by Axel H. Börsch-Supan and published by . This book was released on 2016 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: The MEA-study deals with the future development of the so-called pension gap. Firstly, simulations are carried out under different assumptions on the example of the standard pensioner. Secondly, the MEA study examines the savings behavior of German households and the individual ways to close the pension gap, using the representative data SAVE (Saving and Retirement in Germany) and SHARE-RV, the German sub-sample of the Survey of Health Ageing and Retirement in Europe developed in cooperation with the Gesetzliche Rentenversicherung. The standard projections and calculations with budget data clearly show that a funded supplementary pension can cushion the fall of the state pension to some extent: Over the half of all households are secured in a way that they can fill the pension gap even with a prolonged low interest rate. Through the current low interest rates, however, it is difficult for some households to completely close the gap. Households which cannot achieve this goal because they have up to now not made adequate savings, can be found in all income and educational levels.
Download or read book Wealth as a Distinct Dimension of Social Inequality written by Nora Skopek and published by University of Bamberg Press. This book was released on 2015-07-29 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt:
