boost private savings at the macro level by converting a government financial liability into private wealth. At the micro …-level, however, crowding-out effects on household savings could be offsetting some of this increase in private savings and may lead … social security reform with PRAs does indeed crowd out household savings and recommends strengthening voluntary savings for …

This paper investigates the effect of the introduction of tax free retirement accounts on the savings behavior of … effective policy tool to encourage household savings.The empirical strategy of the paper is a difference-in-difference approach … provide evidence of heterogeneous effects across demographic subgroups and across quantiles of the savings distribution that …

The benefits of implementing Unemployment Insurance Savings Accounts (UISAs) are studied in the presence of the …

pensions or the establishment of non-contributory old-age benefits— could be an effective tool to achieve improvements in …