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 …

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 …-Economic Panel and the SAVE study indicate that private saving was hardly affected by the introduction of the Riester scheme …