The Joint Distribution of Net Worth and Pension Wealth in Germany
Timm Bönke (),
Markus Grabka (),
Carsten Schröder (),
Edward N. Wolff and
Lennard Zyska ()
No 853, SOEPpapers on Multidisciplinary Panel Data Research from DIW Berlin, The German Socio-Economic Panel (SOEP)
Research on wealth inequality usually focuses on real and financial assets, while pension wealth – the present value of future pension entitlements from public and company pension schemes – receives little attention. This is astonishing, given that pension plans play an important role for material security and well‐being for an overwhelming part of the population and, thus, should be accounted for in peoples’ wealth portfolios. Using novel data from the Socio Economic Panel (SOEP), we show 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.
Keywords: net worth; pension wealth; augmented wealth; SOEP; age wealth profiles (search for similar items in EconPapers)
JEL-codes: D31 H55 J32 (search for similar items in EconPapers)
Pages: 42 p.
New Economics Papers: this item is included in nep-age and nep-ger
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Journal Article: The Joint Distribution of Net Worth and Pension Wealth in Germany (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:diw:diwsop:diw_sp853
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