How can retirement savings be increased? We explore a unique policy change in the context of the German pension system to study this question. As of 2005 (with a phase-in period between 2002 and 2004), the German pension administration started to send out annual letters providing detailed and comprehensible information about the pension system and individual expected public pension payments. This reform ...
Journal of Public Economics
158 (2018), 168-179
| Mathias Dolls, Philipp Doerrenberg, Andreas Peichl, Holger Stichnoth