Arbeitspapier
Private Retirement Savings in Germany: The Structure of Tax Incentives and Annuitization
The present paper studies the growth, welfare and efficiency consequences of the recent introduction of tax-favored retirement accounts in Germany in a general equilibrium overlapping generations model with idiosyncratic lifespan and labor income uncertainty. We focus on the implicit differential taxation of specific savings motives, the mandatory annuitization of benefits and the impact of special provisions for low-income households. The simulations indicate that the reform improves overall economic efficiency by about 0.6 percent of aggregate resources, but welfare decreases significantly for future generations. Finally, we show that special provisions could be very effective in raising the participation of low-income households despite their low budgetary cost.
- Sprache
-
Englisch
- Erschienen in
-
Series: SOEPpapers on Multidisciplinary Panel Data Research ; No. 133
- Klassifikation
-
Wirtschaft
Social Security and Public Pensions
Retirement; Retirement Policies
- Thema
-
Individual retirement accounts
annuities
stochastic general equilibrium
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Fehr, Hans
Habermann, Christian
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Fehr, Hans
- Habermann, Christian
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2008
Ähnliche Objekte (12)
Private retirement savings in Germany: the structure of tax incentives and annuitization
Private Retirement Savings in Germany : The Structure of Tax Incentives and Annuitization
The effects of the introduction of tax incentives on retirement saving
The effects of the introduction of tax incentives on retirement saving
Effectiveness of tax incentives to boost (retirement) saving: Theoretical motivation and empirical evidence
Saving at tax time: Do additional retroactive savings opportunities increase retirement savings?
Tax reform and retirement saving incentives: Evidence from the introduction of stakeholder pensions in the UK
Savings after retirement
The effect of tax incentives on private pension saving
Can governments boost voluntary retirement savings via tax incentives and subsidies? A German case study for low-income households
Mind the gap : the effectiveness of incentives to boost retirement saving in Europe
Mind the Gap: the Effectiveness of Incentives to boost retirement saving in Europe
Private retirement savings in Germany: the structure of tax incentives and annuitization
Private Retirement Savings in Germany : The Structure of Tax Incentives and Annuitization
The effects of the introduction of tax incentives on retirement saving
The effects of the introduction of tax incentives on retirement saving
Effectiveness of tax incentives to boost (retirement) saving: Theoretical motivation and empirical evidence
Saving at tax time: Do additional retroactive savings opportunities increase retirement savings?
Tax reform and retirement saving incentives: Evidence from the introduction of stakeholder pensions in the UK
Savings after retirement
The effect of tax incentives on private pension saving
Can governments boost voluntary retirement savings via tax incentives and subsidies? A German case study for low-income households
Mind the gap : the effectiveness of incentives to boost retirement saving in Europe
Mind the Gap: the Effectiveness of Incentives to boost retirement saving in Europe
Private retirement savings in Germany: the structure of tax incentives and annuitization
Private Retirement Savings in Germany : The Structure of Tax Incentives and Annuitization
The effects of the introduction of tax incentives on retirement saving
The effects of the introduction of tax incentives on retirement saving
Effectiveness of tax incentives to boost (retirement) saving: Theoretical motivation and empirical evidence
Saving at tax time: Do additional retroactive savings opportunities increase retirement savings?
Tax reform and retirement saving incentives: Evidence from the introduction of stakeholder pensions in the UK
Savings after retirement
The effect of tax incentives on private pension saving
Can governments boost voluntary retirement savings via tax incentives and subsidies? A German case study for low-income households
Mind the gap : the effectiveness of incentives to boost retirement saving in Europe