Tax incentives and household investment in complementary pension insurance: some recent evidence from the Italian experience

Immacolata Marino, Filippo Maria Pericoli and Luigi Ventura

MPRA Paper from University Library of Munich, Germany

Abstract: We show, by a simple difference-in-difference methodology that, contrary to prior research, robustly raising the deductibility limit associated to pension fund holdings in Italy did not succeed in boosting households’ contributions to this form of savings. Some other empirical finding also suggest that this policy measure may have not even increased the average amount of first time contributors to such funds. In view of the specific features of the Italian market for complementary insurance (relatively young and less developed), these empirical results might be of interest to policymakers acting in countries with similar features (for instance, some of the more recent EU members).

Keywords: Pension funds; fiscal incentives; difference-in-difference (search for similar items in EconPapers)
JEL-codes: D12 H31 (search for similar items in EconPapers)
Date: 2010-09
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Published in Risk Management and Insurance Review 2.14(2011): pp. 247-263

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Related works:
Journal Article: Tax Incentives and Household Investment in Complementary Pension Insurance: Some Recent Evidence From the Italian Experience (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:36554

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