Publications of the Research Unit Pensions and Sustainable Financial Markets

  1. ZEW Discussion Paper // 2022

    Towards Accountability in Machine Learning Applications: A System-Testing Approach

    A rapidly expanding universe of technology-focused startups is trying to change and improve the way real estate markets operate. The undisputed predictive power of machine learning (ML) models often plays a…

  2. Refereed Journal // 2022

    Targets missed: Three case studies exploiting the linked SHARE-RV data

    Targeting is an important aim for social policy. Three case studies in this paper reflect typical short-comings in the targeting design of pension reforms. The first case study …

  3. Non-Refereed Journal // 2021

    Die Rolle der betrieblichen Altersvorsorge für die Einkünfte im Alter – aktuelle Evidenz und Datengrundlagen

    Despite the socio-political importance of occupational pensions since the pension reforms of the 1990s and 2000s, the incomplete evidence base, lack of transparency and lack of data have been regularly…

  4. Discussion and Working Paper // 2021

    Gender Differences in Financial Advice

    We show that financial advisors offer more self-serving advice to female than to male clients, based on minutes from about 27,000 real-world advisory meetings. Women are more likely to obtain recommendations to…

  5. Discussion and Working Paper // 2021

    Pension knowledge and the effectiveness of pension reforms

    This study examines how knowledge about institutional settings and their reform affects the effectiveness of those reforms. We examine this question in the context of social security, the largest social…

  6. ZEW Discussion Paper // 2021

    Die Rolle der betrieblichen Altersvorsorge für die Einkünfte im Alter – aktuelle Evidenz und Datengrundlagen

    Trotz der sozialpolitischen Bedeutung, die der betrieblichen Altersvorsorge (bAV) seit den Rentenreformen der Neunziger- und Zweitausenderjahre zukommt, werden die unvollständige Evidenzlage, Intransparenz und…

  7. ZEW Discussion Paper // 2021

    Data Resource Profile: The ZEW FMS Dataset

    The ZEW Financial Market Survey is a monthly panel survey among financial market experts that was launched in December 1991. The survey focuses on the experts’ expectations about international financial markets…

  8. ZEW Discussion Paper // 2021

    Scaling, Unwinding and Greening QE in a Calibrated Portfolio Balance Model

    We develop a portfolio balance model to analyze the impact of euro area quantitative easing (QE) on asset yields. Our model features two countries each populated by two agents representing their respective…

Further Publications

ZEW Financial Market Survey

German Real Estate Finance Index (DIFI Report)