Logo of Humboldt-Universität zu BerlinLogo of Humboldt-Universität zu Berlin
edoc-Server
Open-Access-Publikationsserver der Humboldt-Universität
de|en
Header image: facade of Humboldt-Universität zu Berlin
View Item 
  • edoc-Server Home
  • Schriftenreihen und Sammelbände
  • Fakultäten und Institute der HU
  • Institut für Geschichtswissenschaften
  • Working Papers of the Priority Programme 1859 – Experience and Expectation. Historical Foundations of Economic Behaviour
  • View Item
  • edoc-Server Home
  • Schriftenreihen und Sammelbände
  • Fakultäten und Institute der HU
  • Institut für Geschichtswissenschaften
  • Working Papers of the Priority Programme 1859 – Experience and Expectation. Historical Foundations of Economic Behaviour
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.
All of edoc-ServerCommunity & CollectionTitleAuthorSubjectThis CollectionTitleAuthorSubject
PublishLoginRegisterHelp
StatisticsView Usage Statistics
All of edoc-ServerCommunity & CollectionTitleAuthorSubjectThis CollectionTitleAuthorSubject
PublishLoginRegisterHelp
StatisticsView Usage Statistics
View Item 
  • edoc-Server Home
  • Schriftenreihen und Sammelbände
  • Fakultäten und Institute der HU
  • Institut für Geschichtswissenschaften
  • Working Papers of the Priority Programme 1859 – Experience and Expectation. Historical Foundations of Economic Behaviour
  • View Item
  • edoc-Server Home
  • Schriftenreihen und Sammelbände
  • Fakultäten und Institute der HU
  • Institut für Geschichtswissenschaften
  • Working Papers of the Priority Programme 1859 – Experience and Expectation. Historical Foundations of Economic Behaviour
  • View Item
2016-09-14Diskussionspapier DOI: 10.18452/5502
Does Social Security Crowd Out Private Savings?
The Case of Bismarck’s System of Social Insurance
Lehmann-Hasemeyer, Sibylle
Streb, Jochen
Philosophische Fakultät
Imperial chancellor Bismarck’s system of social insurance (with its three pillars health, accident and pension insurance) was an important role model for social security systems across Europe and in the US. How the introduction of the German system changed economic expectations and decisions of the German workforce has not been researched, though. This article tries to close this gap by analyzing the development of Prussian savings banks’ deposits in the late 19th century. The introduction of social security can affect private savings in at least two different ways: on the one hand, it might induce households to reduce their precautionary savings; one the other hand, it might give people a reason to reflect on their financial needs at old age or when sick, thereby increasing their motivation to accumulate private savings. To identify the causal effect of social insurance on private savings in Prussia, we employ a difference-in-difference-like approach. We show that, in our example, social security crowded out private savings considerably.
Files in this item
Thumbnail
1.pdf — Adobe PDF — 1.108 Mb
MD5: 83d544e2d3602982874ff0d8e75b035a
Cite
BibTeX
EndNote
RIS
InCopyright
Details
DINI-Zertifikat 2019OpenAIRE validatedORCID Consortium
Imprint Policy Contact Data Privacy Statement
A service of University Library and Computer and Media Service
© Humboldt-Universität zu Berlin
 
DOI
10.18452/5502
Permanent URL
https://doi.org/10.18452/5502
HTML
<a href="https://doi.org/10.18452/5502">https://doi.org/10.18452/5502</a>