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Christian-Albrechts-Universität Kiel (CAU) >
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Economics Working Papers, Department of Economics, CAU Kiel >
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http://hdl.handle.net/10419/27673
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| Title: | | Can governments boost voluntary retirement savings via tax incentives and subsidies? A German case study for low-income households  |
| Authors: | | Corneo, Giacomo Keese, Matthias Schröder, Carsten |
| Issue Date: | | 2008 |
| Series/Report no.: | | Economics working paper / Christian-Albrechts-Universität Kiel, Department of Economics 2008,18 |
| 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. |
| Subjects: | | retirement saving Riester scheme tax incentives subsidy incentives pensions treatment analysis |
| JEL: | | D12 I38 H31 H24 D14 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Economics Working Papers, Department of Economics, CAU Kiel
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