Angebotsinduzierung und Mitnahmeeffekt im Rahmen der Riester-Rente. Eine empirische Analyse

Demand inducement, crowding in and the German Riester pension scheme. (Angebotsinduzierung und Mitnahmeeffekt im Rahmen der Riester-Rente)

Christian Pfarr and Udo Schneider

MPRA Paper from University Library of Munich, Germany

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 Riester-pension. We find greater participation of those who already have life insurance or other public subsidied 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 J38 (search for similar items in EconPapers)
Date: 2009-10-12
New Economics Papers: this item is included in nep-ger and nep-ias
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Working Paper: Angebotsinduzierung und Mitnahmeeffekt im Rahmen der Riester-Rente: eine empirische Analyse (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:17759

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