IDEAS home Printed from https://ideas.repec.org/a/diw/diwvjh/81-2-12.html
   My bibliography  Save this article

Riester-Rente: (k)ein Kinderspiel!

Author

Listed:
  • Christian Pfarr
  • Udo Schneider

Abstract

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
    as

    Download full text from publisher

    File URL: http://ejournals.duncker-humblot.de/doi/pdfplus/10.3790/vjh.81.2.181
    Download Restriction: no

    References listed on IDEAS

    as
    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.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:diw:diwvjh:81-2-12. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bibliothek). General contact details of provider: http://edirc.repec.org/data/diwbede.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.