Axel Börsch-Supan and Lothar Essig (eds)
- Published in print:
- 2005
- Published Online:
- February 2013
- ISBN:
- 9780226902869
- eISBN:
- 9780226903217
- Item type:
- chapter
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226903217.003.0011
- Subject:
- Economics and Finance, Econometrics
This chapter examines the saving behavior of households in Germany. The findings reveal extraordinarily stable and sound levels of saving. Germans save regularly, in a manner that is planned, and ...
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This chapter examines the saving behavior of households in Germany. The findings reveal extraordinarily stable and sound levels of saving. Germans save regularly, in a manner that is planned, and often with a clearly defined purpose in mind. The result also indicates that precaution and old-age provision are the two most important savings motives in Germany. This chapter also explains that labor income in Germany has less individual variation than labor income in the United States and this reduces the precautionary savings motive.Less
This chapter examines the saving behavior of households in Germany. The findings reveal extraordinarily stable and sound levels of saving. Germans save regularly, in a manner that is planned, and often with a clearly defined purpose in mind. The result also indicates that precaution and old-age provision are the two most important savings motives in Germany. This chapter also explains that labor income in Germany has less individual variation than labor income in the United States and this reduces the precautionary savings motive.
