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Household Saving in Germany: Results from SAVE 2001-2003

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  • Lothar Essig

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    (Munich Center for the Economics of Aging (MEA))

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    Abstract

    This paper presents selected highlights drawn from the German SAVE surveys in 2001 and 2003, expanding the findings of Börsch-Supan and Essig (2003) along three lines. First, it analyses the households' assessment of their general, economic and financial well-being in the past, present and future. Second, it reports findings for the respondents' information level on, and expectations about, the public pension system. Third, it presents answers to a newly developed set of questions about risk. Specifically, it tests the reliability of the experimental question design and links self-assessed risk to respondents' financial behavior.

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    File URL: http://mea.mpisoc.mpg.de/uploads/user_mea_discussionpapers/67o6cpfkeqid9x9r_83-2005_pdf.pdf
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    Bibliographic Info

    Paper provided by Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy in its series MEA discussion paper series with number 05083.

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    Date of creation: 21 Jun 2005
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    Handle: RePEc:mea:meawpa:05083

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    Postal: Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy, Amalienstraße 33, 80799 München, Germany
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    References

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    1. Axel Borsch-Supan & Lothar Essig, 2003. "Household Saving in Germany: Results of the first SAVE study," NBER Working Papers 9902, National Bureau of Economic Research, Inc.
    2. Sikandar Siddiqui, 1997. "The pension incentive to retire: Empirical evidence for West Germany," Journal of Population Economics, Springer, vol. 10(4), pages 463-486.
    3. Axel Borsch-Supan & Barbara Berkel, 2003. "Pension Reform in Germany: The Impact on Retirement Decisions," NBER Working Papers 9913, National Bureau of Economic Research, Inc.
    4. Schunk, Daniel & Betsch, Cornelia, 2004. "Explaining heterogeneity in utility functions by individual differences in preferred decision modes," Sonderforschungsbereich 504 Publications 04-26, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim.
    5. Walliser, Jan & Winter, Joachim, 1998. "Tax incentives, bequest motives and the demand for life insurance: evidence from Germany," Sonderforschungsbereich 504 Publications 99-28, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim.
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    Cited by:
    1. Beatrice Scheubel & Joachim Winter, 2008. "Rente mit 67: Wie lange die Deutschen arbeiten können und wollen," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 61(01), pages 26-32, 01.

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