Erhöht die Riester-Förderung die Sparneigung von Geringverdienern?
AbstractIn 2001 the German government started to promote the development of private pensions by means of special saving subsidies and tax incentives (Riester-scheme). That policy especially targets households with relatively low incomes. Using data from the German Socio-economic Panel, we scrutinize the impact of the Riester-scheme on private saving. Our estimation results suggest that the Riester-scheme neither increases the fraction of households with positive savings, nor increases the households saving rate. Thus, rather than creating saving, this policy seems to make people substitute previous contracts by subsidized saving contracts. --
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Bibliographic InfoPaper provided by Free University Berlin, School of Business & Economics in its series Discussion Papers with number 2007/23.
Date of creation: 2007
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- Schröder, Carsten & Keese, Matthias & Corneo, Giacomo, 2007. "Erhöht die Riester-Förderung die Sparneigung von Geringverdienern?," Economics Working Papers 2007,30, Christian-Albrechts-University of Kiel, Department of Economics.
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
- H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
- H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
- I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
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- Hans Peter GrÃ¼ner, 2009. "Kapitalbeteiligung von Mitarbeitern. Eine Bewertung der jÃ¼ngsten VorschlÃ¤ge," Perspektiven der Wirtschaftspolitik, Verein fÃ¼r Socialpolitik, Verein fÃ¼r Socialpolitik, vol. 10(2), pages 175-188, 05.
- Schulten, Thorsten, 2009. "Guter Lohn fÃ¼r gute Rente," WSI Discussion Papers 164, Wirtschafts- und Sozialwissenschaftliches Institut (WSI), Hans-BÃ¶ckler-Stiftung.
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