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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...
Persistent link: https://www.econbiz.de/10011281656
Persistent link: https://www.econbiz.de/10009247730
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide … evidence that this is not due to a crowding-out of other forms of savings. We also show that labor earnings, i.e. the most …
Persistent link: https://www.econbiz.de/10011782119
How much retirement income is needed in order to maintain one's living standard at old age? As it is difficult to find a firm basis for an empirical treatment of this question, we employ a novel approach to assessing an adequate replacement rate vis- a-vis income in the pre-retirement period. We...
Persistent link: https://www.econbiz.de/10009766250
Closing the gap between pre-retirement income and retirement income without increasing mandatory social security contributions for the working population has become a policy issue for many countries in the last couple of years. In order to incentivize people to save privately for retirement,...
Persistent link: https://www.econbiz.de/10012936407
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide … evidence that this is not due to a crowding-out of other forms of savings. We also show that labor earnings, i.e. the most …
Persistent link: https://www.econbiz.de/10012925277
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … on private retirement savings. Our results show that the letters increase private retirement savings. The effects are … increase in savings partly crowds out charitable donations. Moreover, we present evidence suggesting that both information and …
Persistent link: https://www.econbiz.de/10012982810
Since 2002 the German government seeks to stimulate private retirement savings by means of special allowances and tax …
Persistent link: https://www.econbiz.de/10003952553
Since 2002 the German government seeks to stimulate private retirement savings by means of special allowances and tax …
Persistent link: https://www.econbiz.de/10003941676
Since 2002 the German government seeks to stimulate private retirement savings by means of special allowances and tax …
Persistent link: https://www.econbiz.de/10013133647