Individual Financial Planning for Retirement Empirical Insights from the Affluent Segment in Germany /

Over time, the responsibility for providing for a financially secure retirement has shifted more towards the individual. A number of implicit assumptions about perspectives, behavior, and individual choices underlie this shift. These assumptions presume that individuals are well-informed and reason...

Full description

Main Author: Brunhart, Nicole. (Author, http://id.loc.gov/vocabulary/relators/aut)
Corporate Author: SpringerLink (Online service)
Language:English
Published: Heidelberg : Physica-Verlag HD : Imprint: Physica, 2008.
Edition:1st ed. 2008.
Series:Contributions to Economics,
Subjects:
Online Access:https://doi.org/10.1007/978-3-7908-1998-4
LEADER 03777nam a22005295i 4500
001 978-3-7908-1998-4
003 DE-He213
005 20200920112712.0
007 cr nn 008mamaa
008 100301s2008 gw | s |||| 0|eng d
020 |a 9783790819984  |9 978-3-7908-1998-4 
024 7 |a 10.1007/978-3-7908-1998-4  |2 doi 
050 4 |a HB172.5 
072 7 |a KCB  |2 bicssc 
072 7 |a BUS039000  |2 bisacsh 
072 7 |a KCB  |2 thema 
072 7 |a KCBM  |2 thema 
082 0 4 |a 339  |2 23 
100 1 |a Brunhart, Nicole.  |e author.  |4 aut  |4 http://id.loc.gov/vocabulary/relators/aut 
245 1 0 |a Individual Financial Planning for Retirement  |h [electronic resource] :  |b Empirical Insights from the Affluent Segment in Germany /  |c by Nicole Brunhart. 
250 |a 1st ed. 2008. 
264 1 |a Heidelberg :  |b Physica-Verlag HD :  |b Imprint: Physica,  |c 2008. 
300 |a XX, 443 p.  |b online resource. 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
347 |a text file  |b PDF  |2 rda 
490 1 |a Contributions to Economics,  |x 1431-1933 
505 0 |a Frame of reference and conceptual approach for the analysis of individual retirement-specific financial planning behavior -- Fundamentals of the retirement system in Germany -- Retirement-specific behavioral finance and derivation of benchmark behavior for FP actions -- Investor retirement survey and outlook on empirical analyses about individual retirement-specific FPB -- Empirical analyses of individual retirement-specific FPB -- Review of empirical research and identification of suggestions for policy-makers, financial planners and the individual -- Conclusion. 
520 |a Over time, the responsibility for providing for a financially secure retirement has shifted more towards the individual. A number of implicit assumptions about perspectives, behavior, and individual choices underlie this shift. These assumptions presume that individuals are well-informed and reason unemotionally; that they process information correctly; and that they take rational decisions and act to maximize their own welfare. Empirical evidence, however, shows that such maxims do not often guide individuals’ actual behavior. Building on a new structure applied to insights drawn from behavioral finance, this book analyzes the perspectives of individuals with regard to their financial situation in retirement and compares the actions they take with ideal behavior. The work provides new insights into the broadly defined topic of individual retirement-specific financial planning behavior. The research builds on over 500 interviews with affluent individuals in Germany and contributes to defining ways in which policy-makers, financial planners, and individuals themselves can improve financial provisioning for retirement. 
650 0 |a Macroeconomics. 
650 0 |a Population. 
650 0 |a Aging. 
650 1 4 |a Macroeconomics/Monetary Economics//Financial Economics.  |0 https://scigraph.springernature.com/ontologies/product-market-codes/W32000 
650 2 4 |a Population Economics.  |0 https://scigraph.springernature.com/ontologies/product-market-codes/W38000 
650 2 4 |a Aging.  |0 https://scigraph.springernature.com/ontologies/product-market-codes/X11000 
710 2 |a SpringerLink (Online service) 
773 0 |t Springer Nature eBook 
776 0 8 |i Printed edition:  |z 9783790822892 
776 0 8 |i Printed edition:  |z 9783790825411 
776 0 8 |i Printed edition:  |z 9783790819977 
830 0 |a Contributions to Economics,  |x 1431-1933 
856 4 0 |u https://doi.org/10.1007/978-3-7908-1998-4 
912 |a ZDB-2-SBE 
912 |a ZDB-2-SXEF 
950 |a Business and Economics (SpringerNature-11643) 
950 |a Economics and Finance (R0) (SpringerNature-43720)