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Riester-Rente: (k)ein Kinderspiel!


  • Christian Pfarr
  • Udo Schneider


The Riester pension has been a constant topic of discussion since being introduced in 2002. For a scientific analysis of acceptance and incentives, a valid database is required. The German SAVE-study dataset underlying this study provides the possibility to represent the sample of those individuals eligible for a Riester pension. Based on this sample, the effects of financial education and the effect of the child allowance are analyzed. The results show a positive influence of the number of children on the probability of having a Riester pension. Taking into account the increase of the child allowance in 2008 a separate effect could not be found. Furthermore, we show that financial literacy is a major factor for the possession of a Riester-contract, increasing the likelihood of ownership. Die staatlich geförderte Riester-Rente beschäftigt Politik und Wissenschaft seit ihrer Einführung vor zehn Jahren. Für eine wissenschaftliche Analyse der Akzeptanz und der Anreizmechanismen ist eine angemessene Datengrundlage notwendig. Die vorliegende Analyse zeigt, dass der förderfähige Personenkreis durch die verwendeten SAVE-Daten adäquat abgebildet werden kann. Aufbauend auf dieser Stichprobe werden die Effekte finanzieller Bildung und die Wirkung der Kinderzulage analysiert. Die Ergebnisse implizieren, unabhängig von der Erhöhung der Kinderzulage im Jahr 2008, eine höhere Neigung einen Riester-Vertrag zu besitzen, je mehr Kinder im Haushalt wohnen. Somit erweist sich die Riester-Rente für Sparer durchaus als ein "Kinderspiel". Ebenso besitzt die finanzielle Bildung einen stark positiven Einfluss darauf, ob eine Person einen Riester-Vertrag besitzt. Aus dieser Sicht ist die Riester-Rente "kein Kinderspiel".

Suggested Citation

  • Christian Pfarr & Udo Schneider, 2012. "Riester-Rente: (k)ein Kinderspiel!," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 81(2), pages 181-198.
  • Handle: RePEc:diw:diwvjh:81-2-12

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    References listed on IDEAS

    1. Lusardi, Annamaria & Mitchell, Olivia S., 2011. "Financial literacy around the world: an overview," Journal of Pension Economics and Finance, Cambridge University Press, vol. 10(04), pages 497-508, October.
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    More about this item


    Riester pension; old-age provision; financial literarcy;

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • 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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