Plausibly Exogenous [1704] - Retirement (10/02/2024)

LHS Variable
Retirement savings

RHS Variable
Information about retirement and expected pensions

Source of Exogenous Variation
As of 2005 (with a phase-in period between 2002 and 2004), the German pension administration started to send out annual letters providing detailed and comprehensible information about the pension system and individual expected public pension payments. This reform did not change the level of pensions, but only provided information to individuals about their expected pension payments.

- Dolls, Doerrenberg, Peichl, and Stichnoth (2018), “Do retirement savings increase in response to information about retirement and expected pensions?”