Publications of the Research Unit Pensions and Sustainable Financial Markets

• Withdrawal of Correspondent Banks Slows Down European Emerging Markets
• Parents Suffer from More Mental Stress Than Other Professionals
• Sharp Increase in Insolvencies Expected Among Smaller Companies
• Taxing…

Building up sufficient capital for old-age provision often is a challenge for private households. For homeowners, one way to generate old-age income from illiquid housing wealth is the use of equity release…

• Stability of the Eurozone Largely Relies on the European Central Bank’s Drip-Feed
• Lack of Financial Literacy and Confidence Deters Women from Stock Market
• Innovation Gap Widens During Crises
• Wide-Scale…

This paper investigates the importance of correspondent banking for trade and firm performance in emerging Europe. We exploit the unexpected "structural break" in the U.S. regulator’s enforcement of financial…

In an international comparison, Germans have a relatively high level of financial knowledge. However, this does not imply that financial knowledge is universally distributed. The share of respondents, who are…

Women are less financially literate than men. It is unclear whether this gap reflects a lack of knowledge or, rather, a lack of confidence. Our survey experiment shows that women tend to disproportionately…

• Decline in China’s Research Productivity Harms Economic Growth
• Coronavirus Tax Assistance Too Unambitious
• Large Differences in Income and Employment of University Dropouts Across Europe
• Living Lab Could…

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