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Title:The effect of saving subsidies on household saving: Evidence from Germany PDF Logo
Authors:Corneo, Giacomo
Keese, Matthias
Schröder, Carsten
Issue Date:2010
Series/Report no.:School of Business & Economics Discussion Paper 2010/3
Abstract:Since 2002 the German government seeks to stimulate private retirement savings by means of special allowances and tax exemptions - the so-called Riester scheme. We apply matching and panel regression techniques to assess the impact of the Riester scheme on households' propensities to save in a natural experiment framework. Estimation results from both the German Socio-Economic Panel and the SAVE study indicate that private saving was hardly affected by the introduction of the Riester scheme.
Subjects:Household saving
Saving incentives
Retirement
Riester scheme
Coarsened exact matching
JEL:D12
D14
H24
H31
I38
ISBN:978-3-941240-15-5
Document Type:Working Paper
Appears in Collections:Diskussionsbeiträge, FB Wirtschaftswissenschaft, FU Berlin

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