We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies.

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

09Aug

Tenure Choice, Portfolio Structure and Long-Term Care – Optimal Risk Management in Retirement

Articles, Investing, Pension design, Pension Management , ,

By Hans Fehr, Maurice Hofmann

We study the interplay between tenure decisions, stock market investment and the public social security system. Housing equity not only serves a dual purpose as a consumption good and as an asset, but also provides insurance to buffer various risks in retirement. Our life cycle model captures these links in order to explain why homeownership in Germany is so low. Our simulation results indicate that the public long-term care as well as the pension system reduce the homeownership rate in Germany by 10-15 percentage points.

Source: SSRN

Related Posts

28Mar

Considerations on ESG Investment Implementation

By Laura T. Starks Although interest in investing according to environmental, social, and corporate governance (ESG) standards is widespread, investment... read more

28Mar

Can ChatGPT Plan Your Retirement?: Generative AI and Financial Advice

By Andrew W. Lo, Jillian Ross We identify some of the most pressing issues facing the adoption of large language... read more

28Mar

Future-Proofing the Longevity Economy: Innovations and Key Trends

By World Economic Forum The world is at a pivotal moment in its demographic transition, with more than one in... read more

21Mar

The Causal Influence of Pension on the Participation of Older Workers in the Ghanaian Labour Market

By George Domfe, Kwadwo Opoku & Antoinette Tsiboe-Darko Population ageing has stirred up policy discourse on pension coverage in developing... read more

21Mar

Minimum Wage Policy and the Gender Wage Gap

By Hang Anh Nguyen, Martin O'Brien & Alfredo Paloyo Minimum wage policies have become a nearly universal feature of modern... read more

04Apr

Postponing Retirement Under Age Discrimination and Grandparenting

By Leqing Huang To tackle the population aging and improve the sustainability of the pension system, the Chinese government proposes... read more

04Apr

Conversion in the Act on Future Pensions, sailing to safe harbour?

By Hans van Meerten & Adrienn Pásztor This article explores the transformation of rights and entitlements during the transition to... read more

04Apr

Robots and Informal Employment in China

By Haiyan Lin This paper examines labor adjustments between the informal and formal sectors in response to the adoption of... read more

04Apr

ESG KPI report 2025. Managing what you measure

By Invest Europe Tackling climate change and standing strong on responsible investment themes, such as diversity and zero tolerance to... read more

28Mar

Parental Leave Policies, Fertility, and Labor Supply

By Daisoon Kim & Minchul Yum South Korea has been facing persistently low fertility rates and large gender gaps in... read more

28Mar

Considerations on ESG Investment Implementation

By Laura T. Starks Although interest in investing according to environmental, social, and corporate governance (ESG) standards is widespread, investment... read more

28Mar

Can ChatGPT Plan Your Retirement?: Generative AI and Financial Advice

By Andrew W. Lo, Jillian Ross We identify some of the most pressing issues facing the adoption of large language... read more

28Mar

Future-Proofing the Longevity Economy: Innovations and Key Trends

By World Economic Forum The world is at a pivotal moment in its demographic transition, with more than one in... read more

21Mar

The Causal Influence of Pension on the Participation of Older Workers in the Ghanaian Labour Market

By George Domfe, Kwadwo Opoku & Antoinette Tsiboe-Darko Population ageing has stirred up policy discourse on pension coverage in developing... read more

21Mar

Minimum Wage Policy and the Gender Wage Gap

By Hang Anh Nguyen, Martin O'Brien & Alfredo Paloyo Minimum wage policies have become a nearly universal feature of modern... read more

04Apr

Postponing Retirement Under Age Discrimination and Grandparenting

By Leqing Huang To tackle the population aging and improve the sustainability of the pension system, the Chinese government proposes... read more

04Apr

Conversion in the Act on Future Pensions, sailing to safe harbour?

By Hans van Meerten & Adrienn Pásztor This article explores the transformation of rights and entitlements during the transition to... read more

04Apr

Robots and Informal Employment in China

By Haiyan Lin This paper examines labor adjustments between the informal and formal sectors in response to the adoption of... read more

04Apr

ESG KPI report 2025. Managing what you measure

By Invest Europe Tackling climate change and standing strong on responsible investment themes, such as diversity and zero tolerance to... read more

28Mar

Parental Leave Policies, Fertility, and Labor Supply

By Daisoon Kim & Minchul Yum South Korea has been facing persistently low fertility rates and large gender gaps in... read more

ar Arabiczh-CN Chinese (Simplified)en Englishfr Frenchde Germanpt Portugueseru Russianes Spanish
en English