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Tax Incentives and Household Investment in Complementary Pension Insurance: Some Recent Evidence From the Italian Experience

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  • Immacolata Marino
  • Filippo Pericoli
  • Luigi Ventura

Abstract

We 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 findings 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).

Suggested Citation

  • 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, September.
  • Handle: RePEc:bla:rmgtin:v:14:y:2011:i:2:p:247-263
    DOI: j.1540-6296.2011.01198.x
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    File URL: https://doi.org/10.1111/j.1540-6296.2011.01198.x
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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