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Germany has one of the most generous public pension and health insurance systems of the world, yet private savings are high until old age. Savings remain positive in old age, even for most low income households. The authors provide a complicated answer that combines historical facts with capital market imperfections, housing, tax and pension policies. The paper discribes how German households save, based on a synthetic panel of four cross sections of the Einkommens- und Verbrauchsstichproben collected between 1978 and 1993.
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(Einkommens- und Verbrauchsstichprobe)
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Einkommens- und Verbrauchsstichprobe-Bibliography
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The German Savings Puzzle
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Bibsonomy
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In Special Issue of "Research in Economics", 55(1), 15-38, 2001
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Einkommens- und Verbrauchsstichprobe (EVSti)
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2001
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EVSti
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EVSti_input2015
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EVSti_pro
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GESIS_GML
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SCOPUSindexed
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article
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checked
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indexproved
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