Publications of the Research Unit Pensions and Sustainable Financial Markets

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…

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…

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…

• Expectations Indicator Rises Sharply, Situation Indicator Almost Unchanged
• Further Significant Recovery in the Office and Hotel Real Estate Segments
• Significant Downturn in Assessments of the Situation in…

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…

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…

• Ausblick verbessert von niedrigem Niveau aus
• Eurozone: Aktuelle Konjunkturlage erneut gesunken
• USA: Mittelfristige Inflationserwartungen sinken
• China: Leichte Aufhellung des Konjunkturausblicks
• Inflationsr…

• Konjunkturausblick trübt sich ein
• Eurozone: Wirtschaftswachstum dürfte sich verlangsamen
• USA: Konjunkturerwartungen erholen sich
• China: Konjunkturausblick verschlechtert sich deutlich
• Sonderfrage zum…