Household Savings in Germany
This paper describes how German households save, and how their saving behavior is linked to public policy, notably pension policy. Our analysis is based on a synthetic panel of four cross sections of the German Income and Expenditure Survey ("Einkommens- und Verbrauchsstichproben," EVS), 1978, 1983, 1988 and 1993. The paper carefully distinguishes among several saving measures and concepts. It separates discretionary savings from mandatory savings, and uses two flow measures, namely first the sum of purchases of assets minus the sum of sales of assets, and second the residual of income minus consumption. Our main finding is a hump-shaped age-saving profile. However, savings remain positive in old age, even for most low income households. The generous mandatory German public pension system is a prime candidate to explain this pattern.
|Date of creation:||2000|
|Contact details of provider:|| Postal: D-68131 Mannheim|
Web page: http://www.vwl.uni-mannheim.de/institut/
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- Borsch-Supan, Axel, 1992. "Saving and Consumption Patterns of the Elderly: The German Case," Journal of Population Economics, Springer;European Society for Population Economics, vol. 5(4), pages 289-303.
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- James M. Poterba, 1994. "International Comparisons of Household Saving," NBER Books, National Bureau of Economic Research, Inc, number pote94-1, Enero-Jun.
- Walliser, Jan & Winter, Joachim, 1998. "Tax incentives, bequest motives and the demand for life insurance : evidence from Germany," Papers 99-28, Sonderforschungsbreich 504.
- 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.
- Anette Reil-Held, 1999. "Bequests and Aggregate Wealth Accumulation in Germany," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 24(1), pages 50-63, January.
- James M. Poterba, 1994. "Introduction to "International Comparisons of Household Saving"," NBER Chapters,in: International Comparisons of Household Saving, pages 1-10 National Bureau of Economic Research, Inc.
- Reinhard Hujer & Bernd Fitzenberger & Reinhold Schnabel & Thomas E. MaCurdy, 2001. "Testing for uniform wage trends in West-Germany: A cohort analysis using quantile regressions for censored data," Empirical Economics, Springer, vol. 26(1), pages 41-86.
- Börsch-Supan, Axel & Reil-Held, Anette & Schnabel, Reinhold, 1998. "Pension Provision in Germany," Sonderforschungsbereich 504 Publications 98-07, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Börsch-Supan, Axel & Reil-Held, Anette & Rodepeter, Ralf & Schnabel, Reinhold & Winter, Joachim, 1999. "Ersparnisbildung in Deutschland : Meßkonzepte und Ergebnisse auf Basis der EVS," Papers 99-02, Sonderforschungsbreich 504.
- Börsch-Supan, Axel & Reil-Held, Anette & Rodepeter, Ralf & Schnabel, Reinhold & Winter, Joachim, 1999. "Ersparnisbildung in Deutschland: Meßkonzepte und Ergebnisse auf Basis der EVS," Sonderforschungsbereich 504 Publications 99-02, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Fachinger, Uwe, 1998. "Die Verteilung der Vermögen privater Haushalte: Einige konzeptionelle Anmerkungen sowie empirische Befunde für die Bundesrepublik Deutschland," Working papers of the ZeS 13/1998, University of Bremen, Centre for Social Policy Research (ZeS).
- Rodepeter, Ralf & Winter, Joachim, 1998. "Savings decisions under life-time and earnings uncertainty:," Sonderforschungsbereich 504 Publications 98-58, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim. Full references (including those not matched with items on IDEAS)
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