Surprises in a Growing Market Niche

Hans-Martin von Gaudecker and Carsten Weber
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Carsten Weber: Munich Center for the Economics of Aging (MEA), Postal: Amalienstr. 33, D-80799 Munich

No 3029, MEA discussion paper series from Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy

Abstract: High replacement rates from public old age insurance might lead to the belief that little room is left for private sector annuities in Germany. Taking a closer look, we find a small market with a surprisingly large variety of products. Due to the recent pension reform and future ones to come the market is projected to grow substantially in the upcoming years. This paper describes the available annuity contracts and determines their money’s worth for different subgroups of the population.

JEL-codes: Z00 (search for similar items in EconPapers)
Date: 2003-05-13
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Surprises in a Growing Market Niche: An Evaluation of the German Private Life Annuities Market (2004)
Working Paper: Surprises in a Growing Market Niche - An Evaluation of the German Private Annuities Market (2003)
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