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Risiken im Lebenszyklus: Theorie und Evidenz

  • Börsch-Supan, Axel

    ()

    (Sonderforschungsbereich 504)

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    Individuals are exposed over the life cycle to considerable biometric, economic, family and political risks. Do we have the right institutions to cover these risks efficiently? We use the term “institutions“ in a broad sense comprising individual saving, family help, private insurances and finally the state with its social insurance systems. Where and when do these institutions work efficiently and effectively? Where and when do they fail? What needs to be done to improve them? How does modern „social risk management“ look like? The paper sketches the theoretical underpinnings of saving behavior, portfolio choice and insurance demand and collects the empirical evidence in order to draw economic policy conclusions.

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    Paper provided by Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim in its series Sonderforschungsbereich 504 Publications with number 05-05.

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    Length: 20 pages
    Date of creation: 09 Feb 2005
    Date of revision:
    Handle: RePEc:xrs:sfbmaa:05-05
    Note: Financial support from the Deutsche Forschungsgemeinschaft, SFB 504, at the University of Mannheim, is gratefully acknowledged.
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