Corneo, Giacomo G.
Distributional effects of subsidizing retirement savings accounts : evidence from Germany / Giacomo Corneo, Johannes König and Carsten Schröder .-- , 2018
Disponible también en formato electrónico a través de la Biblioteca del IEF.
Resumen.
We empirically investigate the distributional consequences of the Riester scheme, the main private pension subsidization program in Germany. We find that 38%of the aggregate subsidy accrues to the top two deciles of the income distribution, but only 7.3% to
the bottom two. Nonetheless the Riester scheme is almost distributionally neutral in terms of standard inequality measures. Two effects offset each other: a progressive one stemming from the subsidy schedule and a regressive one due to voluntary participation. Participation is associated not only with high income but also with high household wealth.
PLANES DE PENSIONES
FONDOS DE PENSIONES
PENSIONES DE JUBILACIÓN
RENTA
DISTRIBUCION
ALEMANIA
König, Johannes
Schröder, Carsten
FinanzArchiv 0015-2218 v. 74, n. 4, December 2018, p. 415-445
Distributional effects of subsidizing retirement savings accounts : evidence from Germany / Giacomo Corneo, Johannes König and Carsten Schröder .-- , 2018
Disponible también en formato electrónico a través de la Biblioteca del IEF.
Resumen.
We empirically investigate the distributional consequences of the Riester scheme, the main private pension subsidization program in Germany. We find that 38%of the aggregate subsidy accrues to the top two deciles of the income distribution, but only 7.3% to
the bottom two. Nonetheless the Riester scheme is almost distributionally neutral in terms of standard inequality measures. Two effects offset each other: a progressive one stemming from the subsidy schedule and a regressive one due to voluntary participation. Participation is associated not only with high income but also with high household wealth.
PLANES DE PENSIONES
FONDOS DE PENSIONES
PENSIONES DE JUBILACIÓN
RENTA
DISTRIBUCION
ALEMANIA
König, Johannes
Schröder, Carsten
FinanzArchiv 0015-2218 v. 74, n. 4, December 2018, p. 415-445