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Surprises in a growing market niche : an evaluation of the German private annuities market

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  • Gaudecker, Hans-Martin von
  • Weber, Carsten

Abstract

High replacement rates from public old age insurance might lead to the belief that little room is left for private sector annuities in Germany. Taking a closer look, we find a small market with a surprisingly large variety of products. Due to the recent pension reform and future ones to come the market is projected to grow substantially in the upcoming years. This paper describes the available annuity contracts and determines their money’s worth for different subgroups of the population.

Suggested Citation

  • Gaudecker, Hans-Martin von & Weber, Carsten, 2003. "Surprises in a growing market niche : an evaluation of the German private annuities market," Papers 03-08, Sonderforschungsbreich 504.
    • Handle: RePEc:mnh:spaper:2775
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    File URL: https://madoc.bib.uni-mannheim.de/2775/1/dp03_08.pdf
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    References listed on IDEAS

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    1. David McCarthy & Olivia S. Mitchell, 2004. "Annuities for an ageing world," Chapters, in: Elsa Fornero & Elisa Luciano (ed.), Developing an Annuity Market in Europe, chapter 2, pages 13-48, Edward Elgar Publishing.
    2. Reinhold Schnabel, 2002. "Annuities in Germany before and after the Pension Reform of 2001," CeRP Working Papers 27, Center for Research on Pensions and Welfare Policies, Turin (Italy).
    3. James M. Poterba, 1997. "The History of Annuities in the United States," NBER Working Papers 6001, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Axel Börsch‐Supan, 2005. "Risiken im Lebenszyklus: Theorie und Evidenz," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 6(4), pages 449-469, November.
    2. Börsch-Supan, Axel, 2005. "Risiken im Lebenszyklus: Theorie und Evidenz," Sonderforschungsbereich 504 Publications 05-05, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    3. Börsch-Supan, Axel, 2005. "Risiken im Lebenszyklus : Theorie und Evidenz," Papers 05-05, Sonderforschungsbreich 504.

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    • Z00 - Other Special Topics - - General - - - General

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