In this project, I focus on the potential impairment of the bank lending channel of monetary policy easing for weakly capitalized banks. I show this in two steps. First, I show through a theoretical model how…
Despite the socio-political importance that occupational pension schemes have had since 2001, the incomplete evidence, lack of transparency, and lack of databases have been criticized regularly during the last…
The increasing personal responsibility in retirement provision poses a challenge for many households. Research has shown that especially people with low levels of education, income, and financial knowledge have…
The corona pandemic and subsequent measures led to financial difficulties for people who were particularly affected by the economic consequences of the crisis, as well as for households that were already living…
Financial Literacy plays a central role for individual financial well-being and inclusion. It can also play an important role for the stability of financial markets and the effectiveness of central bank…
In the coalition agreement of 2018, the federal government set the goal to provide a pension information covering all three pillars of retirement income. This means that the public pension entitlements as well…
Following pension reforms aiming to reduce the demographic burden on pay-as-you-go pension schemes, Germany and many other countries introduced substantial tax benefits to set incentives for third pillar…
This project continues ZEW’s line of research on EU fiscal institutions. The focus is on documenting potential political biases in existing and newly created European instruments and then studying their…
The challenges accompanying demographic change have led many European economies to fundamentally reform their retirement systems by increasingly moving…