Sefton, James A. (contributor); … - 2007
consider the long-term behavioural effects of a recent policy reform that
reduced the marginal tax rates on … privateincomeofmeanstestedretirementbenefits from 100% to
40%. Our analysis suggests that the policy reform will encourage the poorest third of all households … average savings, and a small effect on the
government budget. We find that, on balance, the policy reform provides a reasonable …