Saving incentives, old-age provision and displacement effects : evidence from the recent German pension reform

Publikationstyp:
Zeitschriftenaufsatz
Metadaten:
Autoren
  • A Börsch-Supan
  • A Reil-Held
  • Daniel Schunk
Sammlungen
  • metadata
ISSN
1474-7472
Ausgabe der Veröffentlichung
3
Zeitschrift
Journal of pension economics and finance
Schlüsselwörter
  • 330 Wirtschaft
  • 330 Economics
Sprache
eng
Paginierung
Seiten: 295 - 319
Datum der Veröffentlichung
2008
Datum der Datenerfassung
2020
Datum, an dem der Datensatz öffentlich gemacht wurde
2020
Zugang
Public
Titel
Saving incentives, old-age provision and displacement effects : evidence from the recent German pension reform
Ausgabe der Zeitschrift
7

Datenquelle: METADATA.UB

Andere Metadatenquellen:
Autoren
  • Axel Boersch-Supan
  • Anette Reil-Held
  • Daniel Schunk
Autoren-URL
https://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=fis-test-1&SrcAuth=WosAPI&KeyUT=WOS:000260977200003&DestLinkType=FullRecord&DestApp=WOS_CPL
DOI
10.1017/S1474747208003636
eISSN
1475-3022
Externe Identifier
  • Clarivate Analytics Document Solution ID: 373MY
ISSN
1474-7472
Ausgabe der Veröffentlichung
3
Zeitschrift
JOURNAL OF PENSION ECONOMICS & FINANCE
Paginierung
295 - 319
Datum der Veröffentlichung
2008
Status
Published
Titel
Saving incentives, old-age provision and displacement effects: evidence from the recent German pension reform
Sub types
  • Article
Ausgabe der Zeitschrift
7

Datenquelle: Web of Science (Lite)

Abstract
<jats:title>Abstract</jats:title><jats:p>In response to population aging, pay-as-you-go pensions are being reduced in almost all developed countries. In many countries, governments aim to fill the resulting gap with subsidized private pensions. This paper exploits the recent German pension reform to shed new light on the uptake of voluntary, but heavily subsidized private pension schemes. Specifically, we investigate how the uptake of the recently introduced ‘Riester pensions’ depends on state-provided saving incentives, and how well the targeting at families and low-income households works in practice.</jats:p><jats:p>We show that, after a slow start, private pension plans took off very quickly. While saving incentives were effective in reaching parents, they were less successful in attracting low-income earners, although Riester pensions exhibit a more equal pattern by income than occupational pensions and unsubsidized private pension plans.</jats:p><jats:p>We also provide circumstantial evidence on displacement effects between saving for old-age provision and other purposes. Households who plan to purchase housing are less likely to have a Riester pension. The same holds for households who attach high importance to a bequest motive. Occupational pensions and other forms of private pensions, however, act as complements rather than as substitutes.</jats:p>
Autoren
  • AXEL BÖRSCH-SUPAN
  • ANETTE REIL-HELD
  • DANIEL SCHUNK
DOI
10.1017/s1474747208003636
eISSN
1475-3022
ISSN
1474-7472
Ausgabe der Veröffentlichung
3
Zeitschrift
Journal of Pension Economics and Finance
Sprache
en
Online publication date
2008
Paginierung
295 - 319
Datum der Veröffentlichung
2008
Status
Published
Herausgeber
Cambridge University Press (CUP)
Herausgeber URL
http://dx.doi.org/10.1017/s1474747208003636
Datum der Datenerfassung
2023
Titel
Saving incentives, old-age provision and displacement effects: evidence from the recent German pension reform
Ausgabe der Zeitschrift
7

Datenquelle: Crossref

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