Based on the German Socio-economic Panel (SOEP), we show that household consumption drops and saving rises significantly within four years after a child moves out of a household. Per capita consumption of parents is approximately leveled up to that of childless peers after all children are gone. We conclude with respect to the adequacy of saving rates that calibrated life-cycle models assuming a smoothing ...
Zentrale verteilungspolitische Indikatoren in Deutschland haben sich seit dem Jahr 2005 wieder stabilisiert oder sogar strukturell verbessert. Die Auseinanderentwicklung bei den Brutto- und Nettoeinkommen ist weitgehend zum Stillstand gekommen, die Lohnungleichheit hat nicht weiter zugenommen. Die Bildungsaufstiegschancen haben sich verbessert, der Anteil der Menschen mit erheblichen materiellen Entbehrungen ...
Population aging is an inevitable global demographic process. Most of the literature on the consequences of demographic change focuses on the economic and societal challenges that we will face as people live longer and have fewer children. In this paper, we (a) briefly describe key trends and projections of the magnitude and speed of population aging; (b) discuss the economic, social, and environmental ...