Chapter

Household Saving in Germany

Edited by Axel Börsch-Supan and Lothar Essig

in Analyses in the Economics of Aging

Published by University of Chicago Press

Published in print August 2005 | ISBN: 9780226902869
Published online February 2013 | e-ISBN: 9780226903217 | DOI: http://dx.doi.org/10.7208/chicago/9780226903217.003.0011
Household Saving in Germany

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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.

Keywords: saving behavior; households; Germany; old-age provision; savings motive; labor income

Chapter.  14498 words.  Illustrated.

Subjects: Econometrics and Mathematical Economics

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