@techreport{Corneo2007Riester,
abstract = {In 2001 the German government started to promote the development of private pensions by means of special saving subsidies and tax incentives (Riester-scheme). That policy especially targets households with relatively low incomes. Using data from the German Socio-economic Panel, we scrutinize the impact of the Riester-scheme on private saving. Our estimation results suggest that the Riester-scheme neither increases the fraction of households with positive savings, nor increases the households saving rate. Thus, rather than creating saving, this policy seems to make people substitute previous contracts by subsidized saving contracts.},
address = {Berlin},
author = {Giacomo Corneo and Matthias Keese and Carsten Schr\"{o}der},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
isbn = {393836971X},
keywords = {D12; D14; H24; H31; I38; 330; Private Rentenversicherung; Sparf\"{o}rderung; Niedrigeinkommen; Sparen; Deutschland},
language = {ger},
number = {2007/23},
publisher = {Freie Univ., Fachbereich Wirtschaftswiss.},
title = {Erh\"{o}ht die Riester-F\"{o}rderung die Sparneigung von Geringverdienern?},
type = {Diskussionsbeitr\"{a}ge des Fachbereichs Wirtschaftswissenschaft der Freien Universit\"{a}t Berlin},
url = {http://hdl.handle.net/10419/28067},
year = {2007}
}
