The Joint Distribution of Net Worth and Pension Wealth in Germany

Timm Bönke, Markus M. Grabka, Carsten Schröder, Edward 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)
    JournalReview of Income and Wealth
    DOIs
    StateAccepted/In press - Jan 1 2018

    Fingerprint

    Germany
    Joint distribution
    Wealth
    Net worth
    Pensions
    Well-being
    West Germany
    Pension plans
    Present value
    Wealth inequality
    Entitlement
    Pension scheme
    Financial assets
    Panel study
    Socio-economics

    Keywords

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

    ASJC Scopus subject areas

    • Economics and Econometrics

    Cite this

    Bönke, T., Grabka, M. M., Schröder, C., Wolff, E., & Zyska, L. (Accepted/In press). The Joint Distribution of Net Worth and Pension Wealth in Germany. Review of Income and Wealth. https://doi.org/10.1111/roiw.12371

    The Joint Distribution of Net Worth and Pension Wealth in Germany. / Bönke, Timm; Grabka, Markus M.; Schröder, Carsten; Wolff, Edward; Zyska, Lennard.

    In: Review of Income and Wealth, 01.01.2018.

    Research output: Contribution to journalArticle

    Bönke, Timm ; Grabka, Markus M. ; Schröder, Carsten ; Wolff, Edward ; Zyska, Lennard. / The Joint Distribution of Net Worth and Pension Wealth in Germany. In: Review of Income and Wealth. 2018.
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