NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Philipp Doerrenberg

ZEW Mannheim
L 7, 1
D-68161 Mannheim
Germany

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: ZEW Mannheim

NBER Working Papers and Publications

September 2016Do Savings Increase in Response to Salient Information about Retirement and Expected Pensions?
with Mathias Dolls, Andreas Peichl, Holger Stichnoth: w22684
How can retirement savings be increased? We explore a unique policy change in the context of the German pension system to study this question. As of 2004, the German pension authority started to send out annual letters providing detailed and comprehensible information about the pension system and individual expected pension payments. This reform did not change the level of pensions, but only manipulated the knowledge about and salience of 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. Our results show that the letters increase private retirement savings. The effects are fairly sizable and persistent over several years. We further show that the letter ...
June 2016Do Retirement Savings Increase in Response to Information about Retirement and Expected Pensions?
with Mathias Dolls, Andreas Peichl, Holger Stichnoth
in Social Insurance Programs (Trans-Atlantic Public Economic Seminar, TAPES), Roger Gordon, Andreas Peichl and James Poterba, organizers
 
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