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

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.

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Year of publication:	2010
Authors:	Corneo, Giacomo ; Keese, Matthias ; Schröder, Carsten
Publisher:	Berlin : Freie Universität Berlin, Fachbereich Wirtschaftswissenschaft
Subject:	Private Rentenversicherung \| Vermögensbildung \| Steuerbegünstigung \| Wirkungsanalyse \| Sparen \| Privater Haushalt \| Deutschland \| Household saving \| Saving incentives \| Retirement \| Riester scheme \| Coarsened exact matching

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Series:	Diskussionsbeiträge ; 2010/3
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
ISBN:	978-3-941240-15-5
Other identifiers:	623744783 [GVK] hdl:10419/30318 [Handle] RePEc:zbw:fubsbe:20103 [RePEc]
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:	EconStor

Persistent link: https://www.econbiz.de/10010300017