We examine six alternative plans which might be discussed in an effort to increase consumer savings through the … personal income tax system in the United States. These plans attempt to affect savings through an increase in the real rate of … return either by direct tax cuts on savings or by indexing tax rates against inflation. The paper presents estimates of …

consumption tax. We compute a sequence of single period equilibria in which savings decisions depend on the expected future return …

The effectiveness of tax-favored savings accounts in raising national savings depends crucially upon the willingness of … IRA's has centered on whether IRA contributions represented new savings or reshuffled assets. We devise a test to … of other assets. Our results indicate that less than 20% of IRA contributions represented addition to national savings …

propensities to use education savings accounts …

limits bind those older middle-income households who started their pension savings programs late in life, those who plan to …

This paper summarizes the empirical evidence on how defaults impact retirement savings outcomes. After outlining the … defaults impact retirement savings outcomes at all stages of the savings lifecycle, including savings plan participation …, savings rates, asset allocation, and post-retirement savings distributions. The paper then discusses why defaults have such a …