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Imperfect capital markets and commitment problems impede lumpy human capital investments. Labeled loans have been postulated as a potential solution to both constraints, but little is known about the role of the label in influencing investment choices in practice. We draw on a cluster randomized...
Persistent link: https://www.econbiz.de/10014480589
Imperfect capital markets and commitment problems impede lumpy human capital investments. Labeled loans have been postulated as a potential solution to both constraints, but little is known about the role of the label in influencing investment choices in practice. We draw on a cluster randomized...
Persistent link: https://www.econbiz.de/10014371953
declining public pension levels due to reforms made necessary by demographic change. In 2001, Germany introduced the Riester …, numerous criticisms raise doubts that the market for Riester products is transparent. Using the 2010 German SAVE survey, this … paper investigates for the first time terminated and dormant Riester contracts on a household level. Respectively 14.5% and …
Persistent link: https://www.econbiz.de/10010826815
subsidies and tax incentives (Riester-scheme). That policy especially targets households with relatively low incomes. Using data …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 …
Persistent link: https://www.econbiz.de/10010296294
introduction of the Riester scheme as a natural experiment. The estimation results cast some doubts on the effectiveness of the …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 …
Persistent link: https://www.econbiz.de/10010298766
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 impact of the Riester-scheme on private saving. Our estimation … results suggest that the Riester-scheme neither increases the fraction of households with positive savings, nor increases the …
Persistent link: https://www.econbiz.de/10010299131
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. …
Persistent link: https://www.econbiz.de/10010300017
Rationality would suggest that advice-seeking investors receive benefits from costly financial advice. However, evidence documenting these benefits for U.S. investors has so far been lacking. This paper is the first to document that U.S. mutual fund investors indeed receive one of the many...
Persistent link: https://www.econbiz.de/10011310184
In a variety of recent papers, it is shown that individuals do not take taxes correctly into account, which results in distorted or unexpected investment behavior. We shed further light on the discussion of such behavioral tax perception biases by analyzing intrinsic and extrinsic effects on...
Persistent link: https://www.econbiz.de/10011381682
We observe a specific type of tax evasion among business owners in Swedish administrative panel data, after the tax authority has approved all tax returns. For the period 2006-2009, approximately 5% of tax returns overstate a claimed dividend allowance. Tax awareness decreases and complexity...
Persistent link: https://www.econbiz.de/10010325119