and an incentive to save more themselves. For this reason, unfunded private pensions differ fundamentally from the … unfunded Social Security pension and the other unfunded federal government civilian and military pensions …

aggregate saving. Although private pensions are likely to reduce direct saving by employees, this should be offset by the … the growth of private pensions has not had an adverse effect on saving and may have increased saving by a small amount …

optimal savings and therefore the level of unintended bequests. While those bequests may have no value to the retirees, they …

increases in domestic savings rates induce approximately equal increases in domestic rates of investment. New estimates for the … flows than to their short-run behavior. Coefficient estimates based on annual variations in savings and investment are …

This study examines the potential effects on personal savings of alternative types of tax rules. The analysis makes use … of two extensive samples of information on individual savings and financial income: the 1972 Consumer Expenditure Survey … would permit all tax-payers to make tax deductible contributions to individual savings accounts. The interest and dividends …

behavior, private pensions, and gifts and bequests. The econometric studies resolve this uncertainty and indicate that social …