@techreport{Corneo2008governments,
abstract = {Since 2002 the German government has promoted private retirement saving plans by means of special subsidies and tax incentives (Riester scheme). This policy mainly targets low-income households. Using data from the German Socio-economic Panel, we scrutinize the impact of the Riester scheme on private savings. Our empirical strategy consists of treating the introduction of the Riester scheme as a natural experiment. The estimation results cast some doubts on the effectiveness of the Riester scheme in raising private savings and call for enhanced systematic efforts to evaluate that policy.},
author = {Giacomo Corneo and Matthias Keese and Carsten Schr\"{o}der},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D12; I38; H31; H24; D14; 330; retirement saving; Riester scheme; tax incentives; subsidy incentives; pensions; treatment analysis; Private Rentenversicherung; Steuerbeg\"{u}nstigung; Wirtschaftspolitische Wirkungsanalyse; Sparen; Niedrigeinkommen; Deutschland},
language = {eng},
number = {2008,18},
title = {Can governments boost voluntary retirement savings via tax incentives and subsidies? A German case study for low-income households},
type = {Economics working paper / Christian-Albrechts-Universit\"{a}t Kiel, Department of Economics},
url = {http://hdl.handle.net/10419/27673},
year = {2008}
}
