Publications of the Research Unit Pensions and Sustainable Financial Markets

  1. ZEW Discussion Paper No. 25-069 // 2025

    To Release or Not to Release? Preferences for Home Equity Products in Retirement

    How do retirees choose among home equity release products? Despite housing wealth being households’ largest asset, little is known about preferences for different equity release products. We conduct a survey…

  2. Discussion and Working Paper // 2025

    To Release or Not to Release? Preferences for Home Equity Products in Retirement

    How do retirees choose among home equity release products? Despite housing wealth being households’ largest asset, little is known about preferences for different equity release products. We conduct a survey…

  3. ZEW Discussion Paper No. 25-063 // 2025

    Financial Socialization and the Gender Investment Gap

    Women are significantly less likely to participate in the stock market than men. We show that financial socialization plays an important role in explaining this gap. Survey data from Germany and the U.S.…

  4. ZEW-Finanzmarktreport // 2025

    November 2025

    • Lage und Erwartungen nahezu unverändert
    • Eurozone: Wirtschaftsstimmung verbessert sich leicht
    • USA: Trotz Haushaltskrise nur geringe Erwartungsänderunge
    • China: Erwartungen bleiben neutral
    • Leicht verbesserte…
  5. ZEW-Finanzmarktreport // 2025

    Oktober 2025

    • Hoffnung auf Aufschwung bleibt intakt, Lage verschlechtert sich weiter
    • Eurozone: Konjunkturstimmung bleibt weitgehend stabil
    • USA: Lageindikator im Plus; Erwartungen aufgehellt, Zinserwartungen steigen
    • China:…
  6. ZEW policy brief No. 25-11 // 2025

    Catalysts for Change: Can Green Bonds Accelerate Europe’s Transition to a Green Economy?

    Nearly two decades of green bond issues have ignited various research questions and fields surrounding the topic. It is therefore time to take stock. Green bonds were launched with the goal of greening the…

  7. ZEW-Finanzmarktreport // 2025

    September 2025

    • Erwartungen stabilisieren sich, aber Verschlechterung der Lage
    • Eurozone: Verbesserung der Konjunkturerwartungen und -lage
    • USA: Konjunkturlage bleibt stabil
    • China: Einschätzungen bleiben weiterhin stabil
    • Negativrevis…

Further Publications

ZEW Financial Market Survey

German Real Estate Finance Index (DIFI Report)