The Effect of Saving Subsidies on Household Saving – Evidence from Germany
Free University of Berlin (FUB); Universität Osnabrück - Faculty of Business Administration - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute for Economic Research); Centre for Economic Policy Research (CEPR); Institute for the Study of Labor (IZA)
Ruhr Graduate School in Economics
affiliation not provided to SSRN
February 1, 2010
Ruhr Economic Paper No. 170
Since 2002 the German government seeks to stimulate private retirement savings by means of special allowances and tax exemptions – the so-called Riester scheme. We apply matching and panel regression techniques to assess the impact of the Riester scheme on households’ propensities to save in a natural experiment framework. Estimation results from both the German Socio-Economic Panel and the SAVE study indicate that private saving was hardly affected by the introduction of the Riester scheme.
Number of Pages in PDF File: 50
Keywords: Household Saving, Saving Incentives, Retirement, Riester Scheme, Coarsened Exact Matching
JEL Classification: D12, D14, H24, H31, I38working papers series
Date posted: April 19, 2010 ; Last revised: May 26, 2011
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