Menu Expand

Cite JOURNAL ARTICLE

Style

Fuchs-Schündeln, N., Schündeln, M. The Savings Behavior of East andWest Germans – Theoretical Predictions and Empirical Evidence. Journal of Contextual Economics – Schmollers Jahrbuch, 123(1), 209-219. https://doi.org/10.3790/schm.123.1.209
Fuchs-Schündeln, Nicola and Schündeln, Matthias "The Savings Behavior of East andWest Germans – Theoretical Predictions and Empirical Evidence" Journal of Contextual Economics – Schmollers Jahrbuch 123.1, 2003, 209-219. https://doi.org/10.3790/schm.123.1.209
Fuchs-Schündeln, Nicola/Schündeln, Matthias (2003): The Savings Behavior of East andWest Germans – Theoretical Predictions and Empirical Evidence, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 123, iss. 1, 209-219, [online] https://doi.org/10.3790/schm.123.1.209

Format

The Savings Behavior of East andWest Germans – Theoretical Predictions and Empirical Evidence

Fuchs-Schündeln, Nicola | Schündeln, Matthias

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 123 (2003), Iss. 1 : pp. 209–219

1 Citations (CrossRef)

Additional Information

Article Details

Fuchs-Schündeln, Nicola

Schündeln, Matthias

Cited By

  1. The legacy effect of socialism on risky savings

    Neugart, Michael

    Applied Economics, Vol. 53 (2021), Iss. 33 P.3810

    https://doi.org/10.1080/00036846.2021.1887448 [Citations: 0]

Abstract

We analyze whether the savings behavior of East and West Germans after German reunification can be explained by predictions from a life cycle consumption model. The life cycle hypothesis gives predictions for consumption and savings over the life cycle for a given expected income profile, taking retirement into account. Yet, for the East German population the economic environment changed dramatically and unexpectedly after German reunification, causing a reassessment of life cycle income and risk. In an empirical analysis, we find that the differences in savings behavior of East and West German age cohorts are in line with the life cycle hypothesis.