Child-raising pension benefits (Kindererziehungszeiten) in Germany are designed as a compensation for employment interruptions due to child-birth. These benefits increase the parent's (usually the mother's) pension wealth. In principle, this implies negative incentives for private savings. Based on the Income and Expenditure Survey (EVS), the impact of child-raising pension benefits on household savings shall be identified by exploiting the pension reform 1992 as a natural experiment. In this cluster seminar the research idea will be presented.