Publications of the Research Unit Pensions and Sustainable Financial Markets

  1. ZEW Discussion Paper No. 23-019 // 2023

    Do Individuals Accept Fluctuations in Pension Income?

    How to invest and decumulate wealth during retirement has far-reaching consequences for consumption during retirement. We conduct an online experiment among 2,500 individuals representative of the adult German…

  2. Refereed Journal // 2023

    Saving regret and procrastination

    We define saving regret as the wish in hindsight to have saved more earlier in life. We measured saving regret and possible determinants in a survey of U.S. households in which respondents were aged 60-79. We…

  3. ZEW Discussion Paper No. 22-070 // 2022

    Households’ Financial Fragility During the COVID-19 Pandemic in Germany

    I examine the financial fragility of German households during the second wave of COVID-19 infections in the winter of 2020/21 by analyzing the households’ ability to come up with EUR 2,000 within one month.…

  4. ZEW Discussion Paper No. 22-067 // 2022

    Global Payment Disruptions and Firm-Level Exports

    We exploit proprietary information on severed correspondent banking relationships — due to the stricter enforcement of financial crime regulation — to assess how payment disruptions impede cross-border trade.…

  5. ZEW Discussion Paper No. 22-066 // 2022

    Bank Manager Sentiment, Loan Growth and Bank Risk

    We build a textual score measuring the tone of bank earnings press release documents. We use this measure to define bank manager sentiment as the variation in the textual tone score which is orthogonal to…

  6. Refereed Journal // 2022

    The EU Taxonomy’s (potential) effects on the banking sector and bank lending to firms

    One of the key pillars of the European Green Deal is a renewed sustainable finance strategy to finance sustainable growth and to channel private investments towards projects that support the transition to a…

Further Publications

ZEW Financial Market Survey

German Real Estate Finance Index (DIFI Report)