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.

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

15.10.2018

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)