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Household Saving in Germany:

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  • Essig, Lothar

    (Mannheim Research Institute for the Economics of Aging (MEA) and Sonderforschungsbereich 504)

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.

Suggested Citation

  • Essig, Lothar, 2004. "Household Saving in Germany:," Sonderforschungsbereich 504 Publications 05-23, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    • Handle: RePEc:xrs:sfbmaa:05-23
    Note: Financial support from the Deutsche Forschungsgemeinschaft, SFB 504, at the University of Mannheim, is gratefully acknowledged.
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    File URL: http://www.sfb504.uni-mannheim.de/publications/dp05-23.pdf
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    References listed on IDEAS

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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. Börsch-Supan, Axel & Christina Benita Wilke, 2003. "The German Public Pension System: How it Was, How it Will Be," MEA discussion paper series 03034, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    3. Axel H. Börsch-Supan & Christina B. Wilke, 2003. "The German Public Pension System: How it Was, How it Will Be," Working Papers wp041, University of Michigan, Michigan Retirement Research Center.
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    Cited by:

    1. Lothar Essig & Joachim K. Winter, 2009. "Item Non-Response to Financial Questions in Household Surveys: An Experimental Study of Interviewer and Mode Effects," Fiscal Studies, Institute for Fiscal Studies, vol. 30(Special I), pages 367-390, December.
    2. Essig, Lothar, 2005. "Imputing total expenditures from a non-exhaustive list of items : an empirical assessment using the SAVE data set," Papers 05-21, Sonderforschungsbreich 504.
    3. Essig, Lothar, 2005. "Methodological aspects of the SAVE data set," Papers 05-17, Sonderforschungsbreich 504.
    4. Börsch-Supan, Axel & Essig, Lothar, 2005. "Personal assets and pension reform : how well prepared are the Germans?," Papers 05-19, Sonderforschungsbreich 504.
    5. Essig, Lothar, 2005. "Measures for savings and saving rates in the German SAVE data set," Papers 05-20, Sonderforschungsbreich 504.
    6. Essig, Lothar, 2005. "Precautionary saving and old-age provisions : do subjective saving motives measures work?," Papers 05-22, Sonderforschungsbreich 504.

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