Angebotsinduzierung Und Mitnahmeeffekt Im Rahmen Der Riester-Rente: Eine Empirische Analyse
26 Pages Posted: 10 Jan 2011
Date Written: November 30, 2010
Abstract
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 that supplier induced demand is an important factor. Using data from the Socio-economic Panel we analyze the key determinants in the choice of a Riesterpension. We find greater participation of those who already have life insurance or other public subsidized savings. Furthermore, we show that a contact with an insurance agent in the previous year is a major factor for the possession of a Riester-pension.
Note: Downloadable document is in German.
Keywords: Riester-Rente, Demografie, angebotsinduzierte Nachfrage, Mitnahmeeffekt
JEL Classification: D12, H31, I38
Suggested Citation: Suggested Citation