Tax Incentives to Induce Saving for Retirement
Author : Robert N. Schoeplein
Publisher :
Page : 640 pages
File Size : 10,92 MB
Release : 1965
Category : Income tax deductions
ISBN :
Author : Robert N. Schoeplein
Publisher :
Page : 640 pages
File Size : 10,92 MB
Release : 1965
Category : Income tax deductions
ISBN :
Author : United States. Congress. House. Committee on Ways and Means
Publisher :
Page : 788 pages
File Size : 22,95 MB
Release : 1980
Category : Saving and investment
ISBN :
Author : Matthew S. Rutledge
Publisher :
Page : 37 pages
File Size : 19,9 MB
Release : 2016
Category :
ISBN :
The U.S. government subsidizes retirement saving through 401(k) plans with $61.4 billion in tax expenditures annually, but the question of whether these tax incentives are effective in increasing saving remains unanswered. Using longitudinal U.S. Social Security Administration data on tax-deferred earnings linked to the Survey of Income and Program Participation, the project examines whether the “catch-up provision,” which was enacted in 2001 and allows workers over age 50 to contribute more to their 401(k) plans, has been effective in increasing earnings deferrals. Compared with similar workers under age 50, the study finds that contributions increased by $540 more among age-50-plus individuals who had approached the 401(k) tax-deferral limits prior to turning 50, suggesting that the older individuals respond to the expanded tax incentives. For this group, the elasticity of retirement savings to the tax incentive is quite high: a one-dollar increase in the tax-deferred limit leads to an immediate 49-cent increase in 401(k) contributions.
Author : June Dewetering
Publisher :
Page : 15 pages
File Size : 13,59 MB
Release : 1994
Category : Income tax deductions
ISBN : 9780660157009
Author : United States. Congress. Senate. Committee on Finance
Publisher :
Page : 356 pages
File Size : 45,23 MB
Release : 1990
Category : Capital gains tax
ISBN :
Author : Marc K. Chan
Publisher :
Page : 0 pages
File Size : 45,3 MB
Release : 2020
Category :
ISBN :
Author : R. Glenn Hubbard
Publisher : A E I Press
Page : 56 pages
File Size : 39,66 MB
Release : 1996
Category : Business & Economics
ISBN :
In this paper, we argue that there is more to be learned from recent research on the effectiveness of targeted saving incentives than is suggested by the wide variation in empirical estimates. First, we conclude that characterizations of saving appear to stimulate moderate amounts of new saving. Second, we suggest a cost-benefit approach to ask: What is the incremental gain in capital accumulation per dollar of foregone revenue? We find that for quite conservative measures of the saving impacts of IRAs or 401(k)s, the incremental gains in capital accumulation per dollar of lost revenue are large.
Author :
Publisher :
Page : pages
File Size : 47,15 MB
Release : 2006
Category : Finance, Personal
ISBN :
Author : Henrik Yde Andersen
Publisher :
Page : pages
File Size : 29,49 MB
Release : 2015
Category :
ISBN :
Measuring the effect of an unanticipated reduction in tax credits on pension savings, this paper shows that individuals tend to make extraordinary repayments on their debt when saving in retirement accounts becomes less attractive. We conclude that tax-favoured retirement accounts could affect gross debt accumulation. In line with recent studies, we show that tax subsidies for saving in pension accounts only affect total individual savings to a limited extent, but unlike prior research this paper distinguishes between the effects on financial assets and liabilities. As a particular feature, we have gained access to comprehensive information on all mortgage loans in Denmark. Exploiting the exogenous shock to pension taxation, we demonstrate how a sharp reduction in voluntary pension savings is partly offset by increased repayments on mortgage loans.
Author :
Publisher :
Page : 14 pages
File Size : 36,30 MB
Release : 2006
Category : Income tax deductions for retirement contributions
ISBN :