The Joint Distribution of Net Worth and Pension Wealth in Germany

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

doi:10.1111/roiw.12371

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 journal › Article › peer-review

Abstract

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 language	English (US)
Pages (from-to)	834-871
Number of pages	38
Journal	Review of Income and Wealth
Volume	65
Issue number	4
DOIs	https://doi.org/10.1111/roiw.12371
State	Published - Dec 1 2019

Keywords

SOEP
age wealth profiles
augmented wealth
net worth
pension wealth

ASJC Scopus subject areas

Economics and Econometrics

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10.1111/roiw.12371

Cite this

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title = "The Joint Distribution of Net Worth and Pension Wealth in Germany",

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AU - Bönke, Timm

AU - Grabka, Markus M.

AU - Schröder, Carsten

AU - Wolff, Edward N.

AU - Zyska, Lennard

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AB - 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.

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The Joint Distribution of Net Worth and Pension Wealth in Germany

Abstract

Keywords

ASJC Scopus subject areas

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