Auswirkungen der Finanzkrise auf die private Altersvorsorge

Axel Börsch‐Supan, Martin Gasche and Michael Ziegelmeyer

Perspektiven der Wirtschaftspolitik, 2010, vol. 11, issue 4, 383-406

Abstract: Abstract: This study aims at estimating the losses in old‐age wealth and forfeited returns. The analysis is based on the German SAVE study in 2008. In comparison to a scenario without the crisis individuals on average lost 4.3% of their financial wealth. Considering only wealth in investment classes specific for old‐age provision the average loss is 2%. Comparing wealth losses at retirement entry reveals that the rates of return of cohorts born between 1940 and 1990 decreased by around 0.1 percentage points (old‐age provision wealth) or 0.2 percentage points (financial wealth), respectively.

Date: 2010
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Citations: View citations in EconPapers (15)

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https://doi.org/10.1111/j.1468-2516.2010.00345.x

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Working Paper: Auswirkungen der Finanzkrise auf die private Altersvorsorge (2009)
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