Das Altersvorsorge-Verhalten von Selbständigen - eine Analyse auf Basis der SAVE-Daten
Since about ¾ of all self-employed are not secured by a mandatory pension plan, the question arises to what extent old-age poverty could become a problem for them. Therefore, a detailed study of how the self-employed save for their retirement seems necessary. The SAVE panel of 2005-2008 offers a new and so far unexploited data basis to assess the capability, willingness, as well as the level of old-age provision of this group of people. The analyses show, that the majority of self-employed has the necessary funds for adequate old-age provision. However, at least 11% of the households with a self-employed main earner are not able to save an amount large enough to ensure an old age income of a sufficient level. Households with a self-employed main earner save more on average than those with an employed main earner. However, they still save less on average in the lower income classes than employed main earners, despite the fact that the employees already have their social security contributions deducted. The net wealth of households with self-employed main earners (without considering social security wealth) is on average three times the size of the net wealth of employees. Yet, private old-age provision products contribute only slightly more than 4% to net wealth. In the age class over 55, 26% of self-employed households are not able to raise the funds that guarantee an old age income above the poverty level. It should be noted that social security as well as behavioural changes before retirement could not be considered in the analyses.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 130 (2010)
Issue (Month): 2 ()
|Contact details of provider:|| Web page: http://www.duncker-humblot.de |
|Order Information:|| Web: http://www.duncker-humblot.de/index.php/zeitschriften/wirtschafts-undsozialwissenschaften/schmollersjahrbuch-1.html Email: |
When requesting a correction, please mention this item's handle: RePEc:aeq:aeqsjb:v130_y2010_i2_q2_p195-240. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gabriele Freudenmann)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.