IDEAS home Printed from https://ideas.repec.org/a/diw/diwvjh/81-2-7.html
   My bibliography  Save this article

Die Riester-Versorgung ist grundlegend: sie sollte konstruktiv kritisiert, aber nicht zerredet werden

Author

Listed:
  • Thomas Dommermuth

Abstract

The Riester pension is much better than its reputation. Only some of the criticism is actually problematic. In part the legislature has already addressed or is going to address some of the existent issues. Behind the argument that the return was no better than a piggy bank is a miscalculation: actual returns are significantly higher than for products in the so-called "Schicht 3" (pension plans and financial investments without state support), but differ significantly between providers and between product types. As with other forms of pensions, the purchase decision should be preceded by adequate product and offer information. For this, there are plenty of publications, including those, for example, by Finanztest. Die Riester-Versorgung ist deutlich besser als ihr Ruf. Nur wenige der in der öffentlichen Diskussion kritisierten Bestandteile sind wirklich problematisch; teilweise hat der Gesetzgeber tatsächliche Probleme bereits beseitigt, zur Beseitigung einen Gesetzesentwurf vorgelegt oder eine Problemlösung in Aussicht gestellt. Hinter dem Argument, die Rendite sei nicht besser als beim Sparstrumpf, steht eine in der Investitionsrechnung und Finanzmathematik nicht übliche Verfahrensweise. Die tatsächlichen am Markt vor zu findenden effektiven Renditen nach Steuerwirkungen sind deutlich höher als bei Produkten der Schicht 3, weisen jedoch von Anbieter zu Anbieter und zwischen den verschiedenen Produktarten erhebliche Unterschiede auf. Wie bei anderen Formen der Altersvorsorge gilt: Der Kaufentscheidung sollte eine ausreichende Produkt- und Angebotsinformation vorausgehen. Hierzu gibt es genügend Veröffentlichungen, zum Beispiel von Finanztest.

Suggested Citation

  • Thomas Dommermuth, 2012. "Die Riester-Versorgung ist grundlegend: sie sollte konstruktiv kritisiert, aber nicht zerredet werden," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 81(2), pages 91-102.
  • Handle: RePEc:diw:diwvjh:81-2-7
    as

    Download full text from publisher

    File URL: http://ejournals.duncker-humblot.de/doi/pdfplus/10.3790/vjh.81.2.91
    Download Restriction: no

    More about this item

    Keywords

    Riester pension; Riester costs; profitability; yield; grant;

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • 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:81-2-7. 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.

    We have no references for this item. You can help adding them by using 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.