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Das Altersvorsorge-Verhalten von Selbständigen - eine Analyse auf Basis der SAVE-Daten

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  • Michael Ziegelmeyer

Abstract

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.

Suggested Citation

  • Michael Ziegelmeyer, 2010. "Das Altersvorsorge-Verhalten von Selbständigen - eine Analyse auf Basis der SAVE-Daten," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 130(2), pages 195-240.
  • Handle: RePEc:aeq:aeqsjb:v130_y2010_i2_q2_p195-240
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    File URL: http://dx.doi.org/10.3790/schm.130.2.195
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    Cited by:

    1. Gasche, Martin & Rausch, Johannes, 2012. "Auswirkungen einer Versicherungspflicht der Selbständigen in der Gesetzlichen Rentenversicherung," MEA discussion paper series 201212, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    2. repec:mea:meawpa:12263 is not listed on IDEAS
    3. Leonard Münstermann, 2013. "Zur Altervorsorgepflicht für Selbstständige," Otto-Wolff-Institut Discussion Paper Series 06/2013, Otto-Wolff-Institut für Wirtschaftsordnung, Köln, Deutschland.
    4. Hofbauer, Florian & Fehr, Hans, 2016. "Pension reform with entrepreneurial choice," Annual Conference 2016 (Augsburg): Demographic Change 145714, Verein für Socialpolitik / German Economic Association.
    5. Bispinck, Reinhard & Schulten, Thorsten, 2011. "Trade union responses to precarious employment in Germany," WSI Working Papers 178, The Institute of Economic and Social Research (WSI), Hans-Böckler-Foundation.
    6. Ehrentraut, Oliver & Moog, Stefan, 2017. "Zukunft der gesetzlichen Rentenversicherung: Möglichkeiten und Grenzen ausgewählter Reformvorschläge," Study / edition der Hans-Böckler-Stiftung, Hans-Böckler-Stiftung, Düsseldorf, volume 127, number 345.
    7. Suprinovič, Olga & Schneck, Stefan & Kay, Rosemarie, 2016. "Einmal Unternehmer, immer Unternehmer? Selbstständigkeit im Erwerbsverlauf," IfM-Materialien 248, Institut für Mittelstandsforschung (IfM) Bonn.

    More about this item

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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