Show simple item record

2016-09-14Diskussionspapier DOI: 10.18452/5502
Does Social Security Crowd Out Private Savings?
dc.contributor.authorLehmann-Hasemeyer, Sibylle
dc.contributor.authorStreb, Jochen
dc.contributor.editorNützenadel, Alexander
dc.contributor.editorStreb, Jochen
dc.date.accessioned2017-06-16T05:50:17Z
dc.date.available2017-06-16T05:50:17Z
dc.date.created2016-09-14
dc.date.issued2016-09-14
dc.identifier.issn2510-053X
dc.identifier.urihttp://edoc.hu-berlin.de/18452/6154
dc.description.abstractImperial 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.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Philosophische Fakultät I, Institut für Geschichtswissenschaften
dc.subjectSparverhaltenger
dc.subjectRentenversicherungger
dc.subjectSozialversicherungger
dc.subjectAltersvorsorgeger
dc.subject.ddc900 Geschichte
dc.subject.ddc330 Wirtschaft
dc.titleDoes Social Security Crowd Out Private Savings?
dc.typeworkingPaper
dc.subtitleThe Case of Bismarck’s System of Social Insurance
dc.identifier.urnurn:nbn:de:kobv:11-100239797
dc.identifier.doihttp://dx.doi.org/10.18452/5502
local.edoc.container-titleWorking Papers of the Priority Programme 1859
local.edoc.pages30
local.edoc.type-nameDiskussionspapier
local.edoc.institutionPhilosophische Fakultät
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-issue1
local.edoc.container-year2016
local.edoc.container-erstkatid2916406-0

Show simple item record