Suche Kontakt Impressum

Institut für VWL | UnivIS | ERASMUS | QIS | Site Plan

Christian-Albrechts-Universität zu Kiel

Institut für Volkswirtschaftslehre - Department of Economics
Economics Working Papers

Economics Working Papers: Abstract 2008-18


Nummer

2008-18

Autoren

Giacomo Corneo, Matthias Keese, Carsten Schröder

 

Titel

 

Can governments boost voluntary retirement savings via tax incentives and subsidies? A German case study for low-income households
Abstract Since 2002 the German government has promoted private retirement saving plans by means of special subsidies and tax incentives (Riester scheme). This policy mainly targets low-income households. Using data from the German Socio-economic Panel, we scrutinize the impact of the Riester scheme on private savings. Our empirical strategy consists of treating the introduction of the Riester scheme as a natural experiment. The estimation results cast some doubts on the effectiveness of the Riester scheme in raising private savings and call for enhanced systematic efforts to evaluate that policy.

Keywords: retirement saving, Riester scheme, tax incentives, subsidy incentives, pensions, treatment analysis

JEL classification: D12, D14, H24, H31, I38

 

Links

 

weiter zum Full Text

zurück zur Übersicht