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The effect of saving subsidies on household saving: Evidence from Germany

Giacomo Corneo, Matthias Keese and Carsten Schröder ()

No 2010/3, Discussion Papers from Free University Berlin, School of Business & Economics

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.

Keywords: Household saving; Saving incentives; Retirement; Riester scheme; Coarsened exact matching (search for similar items in EconPapers)
JEL-codes: D12 D14 H24 H31 I38 (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-eur
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Working Paper: The Effect of Saving Subsidies on Household Saving – Evidence from Germanys (2010) Downloads
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