The Effects of Public Pensions on Private Wealth: Evidence on the German Savings Puzzle

Klump, Rainer; Kim, Sangho

[journal article]

dc.contributor.author	Klump, Rainer	de
dc.contributor.author	Kim, Sangho	de
dc.date.accessioned	2011-06-14T09:30:00Z	de
dc.date.accessioned	2012-08-30T06:50:17Z
dc.date.available	2012-08-30T06:50:17Z
dc.date.issued	2010	de
dc.identifier.uri	http://www.ssoar.info/ssoar/handle/document/25415
dc.description.abstract	Based on German panel data between 1984 and 1999 we test for the interaction of social security benefits and private wealth formation. In a simple life-cylce model benefits from public pension systems should displace equal amounts of private retirement accumulation. Our estimate for the offset effect, corrected for several possible measurement biases, is much lower, however, than expected from pure life-cycle considerations and less than comparable estimates for the US and the UK. This result thus supports other evidence on a particular German savings puzzle which might be due to market imperfections and/or bounded rational behavior.	en
dc.language	en	de
dc.subject.ddc	Sozialwissenschaften, Soziologie	de
dc.subject.ddc	Social sciences, sociology, anthropology	en
dc.subject.other	Life-cycle model; Ricardian equivalence; pension systems; panel estimations; Germany
dc.title	The Effects of Public Pensions on Private Wealth: Evidence on the German Savings Puzzle	en
dc.description.review	begutachtet (peer reviewed)	de
dc.description.review	peer reviewed	en
dc.source.journal	Applied Economics	de
dc.source.volume	42	de
dc.publisher.country	GBR
dc.source.issue	15	de
dc.subject.classoz	soziale Sicherung	de
dc.subject.classoz	Erhebungstechniken und Analysetechniken der Sozialwissenschaften	de
dc.subject.classoz	Methods and Techniques of Data Collection and Data Analysis, Statistical Methods, Computer Methods	en
dc.subject.classoz	Social Security	en
dc.identifier.urn	urn:nbn:de:0168-ssoar-254156	de
dc.date.modified	2011-06-14T10:54:00Z	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	en
ssoar.gesis.collection	SOLIS;ADIS	de
ssoar.contributor.institution	http://www.peerproject.eu/	de
internal.status	3	de
dc.type.stock	article	de
dc.type.document	journal article	en
dc.type.document	Zeitschriftenartikel	de
dc.rights.copyright	f	de
dc.source.pageinfo	1917-1926
internal.identifier.classoz	10105
internal.identifier.classoz	11003
internal.identifier.journal	21	de
internal.identifier.document	32
internal.identifier.ddc	300
dc.identifier.doi	https://doi.org/10.1080/00036840701749027	de
dc.description.pubstatus	Postprint	en
dc.description.pubstatus	Postprint	de
internal.identifier.licence	7
internal.identifier.pubstatus	2
internal.identifier.review	1
internal.check.abstractlanguageharmonizer	CERTAIN
internal.check.languageharmonizer	CERTAIN_RETAINED

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Erhebungstechniken und Analysetechniken der Sozialwissenschaften
Methods and Techniques of Data Collection and Data Analysis, Statistical Methods, Computer Methods
soziale Sicherung
Social Security

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