Tax incentives and household investment in complementary pension insurance: some recent evidence from the Italian experience
AbstractWe show, by a simple difference-in-difference methodology that, contrary to prior research, robustly raising the deductibility limit associated to pension fund holdings in Italy did not succeed in boosting households’ contributions to this form of savings. Some other empirical finding also suggest that this policy measure may have not even increased the average amount of first time contributors to such funds. In view of the specific features of the Italian market for complementary insurance (relatively young and less developed), these empirical results might be of interest to policymakers acting in countries with similar features (for instance, some of the more recent EU members).
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 36554.
Date of creation: Sep 2010
Date of revision:
Publication status: Published in Risk Management and Insurance Review 2.14(2011): pp. 247-263
Pension funds; fiscal incentives; difference-in-difference;
Other versions of this item:
- Immacolata Marino & Filippo Pericoli & Luigi Ventura, 2011. "Tax Incentives and Household Investment in Complementary Pension Insurance: Some Recent Evidence From the Italian Experience," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 14(2), pages 247-263, 09.
- H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
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