The development of the pension gap and German households' saving behavior

Börsch-Supan, Axel ; Bucher-Koenen, Tabea ; Ferrari, Irene ; Kutlu-Koc, Vesile ; Rausch, Johannes

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Document Type: Working paper
Year of publication: 2016
The title of a journal, publication series: MEA Discussion Papers
Volume: 02-2016
Place of publication: München
Publishing house: Munich Center for the Economics of Aging
Publication language: English
Institution: Business School > Finanzmärkte (Bucher-Koenen 2019-)
Subject: 300 Social sciences, sociology, anthropology
330 Economics
Abstract: The MEA-study deals with the future development of the so-called pension gap. Firstly, simulations are carried out under different assumptions on the example of the standard pensioner. Secondly, the MEA study examines the savings behavior of German households and the individual ways to close the pension gap, using the representative data SAVE (Saving and Retirement in Germany) and SHARE-RV, the German sub-sample of the Survey of Health Ageing and Retirement in Europe developed in cooperation with the Gesetzliche Rentenversicherung. The standard projections and calculations with budget data clearly show that a funded supplementary pension can cushion the fall of the state pension to some extent: Over the half of all households are secured in a way that they can fill the pension gap even with a prolonged low interest rate. Through the current low interest rates, however, it is difficult for some households to completely close the gap. Households which cannot achieve this goal because they have up to now not made adequate savings, can be found in all income and educational levels.
Translation of the title: Die Entwicklung der Rentenlücke und das Sparverhalten deutscher Haushalte (German)

Dieser Datensatz wurde nicht während einer Tätigkeit an der Universität Mannheim veröffentlicht, dies ist eine Externe Publikation.

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