The effect of saving subsidies on household saving : evidence from Germany

Giacomo Corneo; Matthias Keese; Carsten Schröder

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 aff ected by the introduction of the Riester scheme. -- Household saving ; saving incentives ; retirement ; Riester scheme ; coarsened exact matching

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Year of publication:	2010
Authors:	Corneo, Giacomo ; Keese, Matthias ; Schröder, Carsten
Publisher:	Essen : RWI
Subject:	Private Altersvorsorge \| Private retirement provision \| Sparförderung \| Saving incentives \| Steuervergünstigung \| Tax incentive \| Wirkungsanalyse \| Impact assessment \| Sparen \| Savings \| Privater Haushalt \| Household \| Deutschland \| Germany
Description of contents:	Description [rwi-essen.de]

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Extent:	Online-Ressource (32 S.)
Series:	Ruhr economic papers. - Essen : RWI, ISSN 1864-4872, ZDB-ID 2278825-6. - Vol. 170
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Parallel als Druckausg. erschienen Systemvoraussetzungen: Acrobat Reader
ISBN:	978-3-86788-190-6
Other identifiers:	hdl:10419/36993 [Handle]
Classification:	D12 - Consumer Economics: Empirical Analysis ; D14 - Personal Finance ; H24 - Personal Income and Other Nonbusiness Taxes and Subsidies ; H31 - Household ; I38 - Government Policy; Provision and Effects of Welfare Programs
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003941676