The Joint Distribution of Net Worth and Pension Wealth in Germany

Timm Bönke, Markus M. Grabka, Carsten Schröder, Edward N. Wolff, Lennard Zyska

    Research output: Contribution to journalArticlepeer-review


    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.

    Original languageEnglish (US)
    Pages (from-to)834-871
    Number of pages38
    JournalReview of Income and Wealth
    Issue number4
    StatePublished - Dec 1 2019


    • SOEP
    • age wealth profiles
    • augmented wealth
    • net worth
    • pension wealth

    ASJC Scopus subject areas

    • Economics and Econometrics


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