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 journalArticle

    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 languageEnglish (US)
    Pages (from-to)834-871
    Number of pages38
    JournalReview of Income and Wealth
    Volume65
    Issue number4
    DOIs
    StatePublished - 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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  • Cite this

    Bönke, T., Grabka, M. M., Schröder, C., Wolff, E. N., & Zyska, L. (2019). The Joint Distribution of Net Worth and Pension Wealth in Germany. Review of Income and Wealth, 65(4), 834-871. https://doi.org/10.1111/roiw.12371