Auswirkungen der Finanzkrise auf die private Altersvorsorge.

This study aims at estimating the losses in old-age wealth and forfeited returns. The analysis is based on the German SAVE study in 2008. In comparison to a scenario without the crisis individuals on average lost 4.3% of their financial wealth. Considering only wealth in investment classes specific for old-age provision the average loss is 2%. Comparing wealth losses at retirement entry reveals that the rates of return of cohorts born between 1940 and 1990 decreased by around 0.1 percentage points (old-age provision wealth) or 0.2 percentage points (financial wealth), respectively. [ABSTRACT FROM AUTHOR]