-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 paper discusses possible directions and magnitudes of the relationship between the social security driven tax wedge … background for development of the current size and structure of the socially driven tax wedge in both countries. The second … section presents some theoretical considerations on the relationship between the social protection system, tax wedge, non …

savings) and the redistributive function (transfers) of the social protection system in order to expand coverage, improve …

these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide …How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … their expected pension payments. Using German tax return data, we exploit an age discontinuity to identify the effect of …

How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … German tax return data, we exploit two discontinuities in the age cutoffs of receiving such a letter to study their effects … on private retirement savings. Our results show that the letters increase private retirement savings. The effects are …