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Erhöht die Riester-Förderung die Sparneigung von Geringverdienern?

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Listed:
  • Corneo, Giacomo
  • Keese, Matthias
  • Schröder, Carsten

Abstract

In 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.

Suggested Citation

  • Corneo, Giacomo & Keese, Matthias & Schröder, Carsten, 2007. "Erhöht die Riester-Förderung die Sparneigung von Geringverdienern?," Discussion Papers 2007/23, Free University Berlin, School of Business & Economics.
    • Handle: RePEc:zbw:fubsbe:200723
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    Cited by:

    1. Schulten, Thorsten, 2009. "Guter Lohn für gute Rente," WSI Working Papers 164, The Institute of Economic and Social Research (WSI), Hans Böckler Foundation.
    2. Hans Peter Grüner, 2009. "Kapitalbeteiligung von Mitarbeitern. Eine Bewertung der jüngsten Vorschläge," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 10(2), pages 175-188, May.
    3. Claudia Tuchscherer, 2014. "Das Vorsorgekonto: ein Ansatz gegen (Alters-)Armut und zur Flexibilisierung der Übergänge in die Rente," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 83(3), pages 57-75.
    4. Robert Fenge & Jochen Pimpertz & Tim Köhler-Rama & Reiner Holznagel & Felix Welti & Martin Werding & Uwe Fachinger & Karl-Heinz Paqué, 2019. "Grand Coalition Pension Package: Secure and Fair or Unsound and Unaffordable?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(02), pages 05-31, January.

    More about this item

    JEL classification:

    • 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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