Do savings increase in response to salient information about retirement and expected pensions?

Konferenzbeitrag

How can retirement savings be increased? We explore a unique policy change in the context of the German pension system to study this question. In 2004, pension authorities started to send out annual letters providing information about the pension system and expected pension payments. Using German tax return data, we exploit two discontinuities in the age cutoffs of receiving such a letter to study their effects on private retirement savings.

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• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Pensions and Savings II ; No. F02-V1

Classification and Topics

• Classification: Wirtschaft ; Social Security and Public Pensions ; Personal Income and Other Nonbusiness Taxes and Subsidies; includes inheritance and gift taxes ; Retirement; Retirement Policies ; Household Saving; Personal Finance

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Stichnoth, Holger ; Dolls, Mathias ; Dörrenberg, Philipp ; Peichl, Andreas
• Event: Veröffentlichung
• (who): ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
• (where): Kiel, Hamburg
• (when): 2017

Further information

• Handle: http://hdl.handle.net/10419/168099