The Joint Distribution of Net Worth and Pension Wealth in Germany

Verfasst von

Timm Bönke, Markus M. Grabka, Carsten Schröder, Edward N. Wolff, Lennard Zyska

Abstract

The research on wealth inequality has generally focused on real and financial assets, while giving little attention to pension wealth: the present value of future pension entitlements from public and company pension schemes. This is surprising given the important role pension plans play in guaranteeing material security and well-being for a majority of the population, and suggests that they should be accounted for in peoples’ wealth portfolios. Using novel data from the Socio-Economic Panel (SOEP), we study the incidence, relevance, and distribution of individual pension wealth, net worth, and augmented wealth (the sum of the two) in Germany. Further, we investigate age-wealth profiles and differences between East and West Germany.

Details

Organisationseinheit(en): Institut für Öffentliche Finanzen
Externe Organisation(en): Freie Universität Berlin (FU Berlin)
Deutsches Institut für Wirtschaftsforschung e.V. (DIW Berlin)
New York University (NYU)
Katholische Universität Eichstätt-Ingolstadt
Typ: Artikel
Journal: Review of Income and Wealth
Band: 65
Seiten: 834-871
Anzahl der Seiten: 38
ISSN: 0034-6586
Publikationsdatum: 13.11.2019
Publikationsstatus: Veröffentlicht
Peer-reviewed: Ja
ASJC Scopus Sachgebiete: Volkswirtschaftslehre und Ökonometrie
Ziele für nachhaltige Entwicklung: SDG 10 - Weniger Ungleichheiten
Elektronische Version(en): https://doi.org/10.1111/roiw.12371 (Zugang: Geschlossen )