Do savings increase in response to salient information about retirement and expected pensions?

How can retirement savings be increased? We explore a unique policy change in the context of the German pension system to study this question. In 2004, pension authorities started to send out annual letters providing information about the pension system and expected pension payments. Using German tax return data, we exploit two discontinuities in the age cutoffs of receiving such a letter to study their effects on private retirement savings.

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Year of publication:	2017
Authors:	Stichnoth, Holger ; Dolls, Mathias ; Dörrenberg, Philipp ; Peichl, Andreas
Publisher:	Kiel, Hamburg : ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft

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Series:	Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Pensions and Savings II ; F02-V1
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Conference Paper
Language:	English
Other identifiers:	hdl:10419/168099 [Handle] RePEc:zbw:vfsc17:168099 [RePEc]
Classification:	H55 - Social Security and Public Pensions ; H24 - Personal Income and Other Nonbusiness Taxes and Subsidies ; J26 - Retirement; Retirement Policies ; D14 - Personal Finance
Source:	EconStor

Persistent link: https://www.econbiz.de/10011712612