Fehr, Hans; Habermann, Christian; Kindermann, Fabian - In: FinanzArchiv: Public Finance Analysis 64 (2008) 2, pp. 171-198
The paper aims to assess tax-favored retirement accounts in a general-equilibrium overlapping-generations economy with idiosyncratic income risk and borrowing constraints. Our simulations indicate that tax-favored retirement accounts as implemented in many OECD countries will have a significant...