Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/150886 
Year of Publication: 
2010
Series/Report no.: 
SOEPpapers on Multidisciplinary Panel Data Research No. 341
Publisher: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Abstract (Translated): 
In 2001, the voluntary additional Riester pension scheme was implemented in Germany. Financial subsidies should incentivize people to increase their private pension savings. In this paper, we hypothesize that these publicly subsidized savings mainly replace existing not subsidized savings and that supplier induced demand is an important factor. Using data from the Socio-economic Panel we analyze the key determinants in the choice of a Riesterpension. We find greater participation of those who already have life insurance or other public subsidized savings. Furthermore, we show that a contact with an insurance agent in the previous year is a major factor for the possession of a Riester-pension.
Subjects: 
Riester-Rente
Demografie
angebotsinduzierte Nachfrage
Mitnahmeeffekt
JEL: 
D12
H31
I38
Document Type: 
Working Paper

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