Weitere referierte Aufsätze
Giacomo Corneo, Matthias Keese, Carsten Schröder
In: Schmollers Jahrbuch - SOEP after 25 Years. Proceedings of the 8th International Socio-Economic Panel User Conference 129 (2009), 2, 321-332
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.