The Effect of Saving Subsidies on Household Saving – Evidence from Germanys

Giacomo Corneo, Matthias Keese and Carsten Schröder

No 170, Ruhr Economic Papers from RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen

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 aff ected 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
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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Related works:
Working Paper: The effect of saving subsidies on household saving: Evidence from Germany (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:rwirep:170

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