Angebotsinduzierung und Mitnahmeeffekt im Rahmen der Riester-Rente: eine empirische Analyse

Christian Pfarr and Udo Schneider ()

No 341, SOEPpapers on Multidisciplinary Panel Data Research from DIW Berlin, The German Socio-Economic Panel (SOEP)

Abstract: 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.

Keywords: Riester-Rente; Demografie; angebotsinduzierte Nachfrage; Mitnahmeeffekt (search for similar items in EconPapers)
JEL-codes: D12 H31 I38 (search for similar items in EconPapers)
Pages: 23 p.
Date: 2010
New Economics Papers: this item is included in nep-age and nep-ger
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Related works:
Working Paper: Angebotsinduzierung und Mitnahmeeffekt im Rahmen der Riester-Rente. Eine empirische Analyse (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:diw:diwsop:diw_sp341

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