subsidies and tax incentives (Riester-scheme). That policy especially targets households with relatively low incomes. Using data … results suggest that the Riester-scheme neither increases the fraction of households with positive savings, nor increases the …

-as-you-go public pension insurance. The pension reforms of the last decade aimed at encouraging savings in private, fully …-funded pension insurances (through tax advantages and subsidies). However, only a minority of Germans has decided to make use of … will boost retirement savings without interfering with individuals’ freedom of choice. …

The pay-as-you-go statutory pension insurance is intended to protect workers in Germany from having to rely on tax … additionally subsidised. Otherwise, their income risks falling below the means threshold due to the savings obligation. Moreover …