In 2001, the voluntary additional Riester pension scheme was implemented in Germany. Financial subsidies should incentivize people to increase their private pension savings. In this paper, we hypothesize that these publicly subsidized savings mainly replace existing not subsidized savings and...

KiwiSaver is a voluntary savings scheme aimed at increasing the retirement wealth of a target population. A critical element shaping the success of KiwiSaver is the extent to which individuals participate in the scheme, given its voluntary nature; and, having chosen to participate, the extent to...

The objective of this paper is to analyse the extent to which membership of KiwiSaver has been associated with greater accumulations of net wealth. The paper utilises two linked sources of data which cover the period 2002 to 2010: Statistics New Zealand's Survey of Family, Income and Employment...

Aufgrund der bekannten Probleme der umlagefinanzierten gesetzlichen Rentenversicherung versucht der deutsche Gesetzgeber seit einiger Zeit, die eigenverantwortliche Altersvorsorge zu fördern. Häufig steht dabei die betriebliche Altersversorgung (bAV) im Fokus. In dieser Arbeit wird mittels...

Western governments are currently contemplating how to adapt their Pay-As-You-Go pension systems so that these remain financially sustainable, even with an aged population. To the extent that policy-makers haven't already adapted their old age social security schemes, an ageing population thus...