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...

Die Riester-Förderung soll dazu beitragen, dass häufiger und mehr für die Altersvorsorge gespart wird. Der Einfluss der Riester-Förderung auf die Sparneigung von Haushalten mit niedrigem Einkommen ist dabei ein zentrales Kriterium zur ökonomischen Evaluation dieser Politik. Unsere...

Since 2002 the German government has promoted private retirement saving plans by means of special subsidies and tax incentives (Riester scheme). This policy mainly targets low-income households. Using data from the German Socio-economic Panel, we scrutinize the impact of the Riester scheme on...

In 2001 the German government started to promote the development of private pensions by means of special saving subsidies and tax incentives (Riester-scheme). That policy especially targets households with relatively low incomes. Using data from the German Socio-economic Panel, we scrutinize the...

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...

We empirically investigate the distributional consequences of the Riester scheme, the main private pension subsidization program in Germany. We find that 38% of the aggregate subsidy accrues to the top two deciles of the population, but only 7.3% to the bottom two. Nonetheless the Riester scheme...

Im fünften Armuts- und Reichtumsbericht der Bundesregierung wurde darauf hingewiesen, dass die Datenlage im Bereich hoher Vermögen unzureichend sei (BMAS, 2017). Zur Verbesserung der Datenlage haben wir eine neue Sampling-Strategie entwickelt und im Feld implementiert. In der gezogenen...

Individuals with assets in the millions of euros have been underrepresented in population surveys and accordingly little has been known about them. As a result, the full extent of wealth concentration in Germany was unknown. To close the existing data gap, the Socio-Economic Panel (SOEP) inte-...

Personen mit Vermögen in Millionenhöhe waren bislang in Bevölkerungsbefragungen kaum vertreten - entsprechend wenig wusste man über sie. Auch blieb das exakte Ausmaß der Vermögenskonzentration unklar. Das Sozio-oekonomische Panel (SOEP) hat nun eine Spezialstichprobe integriert, in der...

We have developed and implemented a new sampling strategy to better represent very wealthy individuals in the German Socio-Economic Panel (SOEP). Our strategy is based on the empirical regularity that the very wealthy have at least part of their assets invested in businesses, and that businesses...