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The Riester Scheme and Private Savings: An Empirical Analysis based on the German SOEP

The Riester Scheme and Private Savings: An Empirical Analysis based on the German SOEP
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Year:    2009

Author:    Corneo, Giacomo, Keese, Matthias, Schröder, Carsten

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 129 (2009), Iss. 2 : pp. 321–332

Abstract

Since 2002 the German government has promoted private retirement saving plans by means of special subsidies and tax incentives: the 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 private savings. The introduction of the Riester scheme is treated as a natural experiment. Estimation results cast some doubts on the effectiveness of the Riester scheme and call for enhanced efforts to evaluate that policy.

Journal Article Details

Publisher Name:    Global Science Press

Language:    English

DOI:    https://doi.org/10.3790/schm.129.2.321

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 129 (2009), Iss. 2 : pp. 321–332

Published online:    2009-04

AMS Subject Headings:    Duncker & Humblot

Copyright:    COPYRIGHT: © Global Science Press

Pages:    12

Keywords:    D12 D14 H24 H31 I38

Author Details

Corneo, Giacomo

Keese, Matthias

Schröder, Carsten

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