This study examines the impact of tax incentives for long-term savings on total private savings using data for Latvia … contained in HFCS 2014 and 2017. The survey shows that contributions to tax-favoured savings plans are not associated with lower … consumer spending and therefore do not contribute to an increase in private savings. Instead, these savings are achieved by …

, the public pension system cannot make the happiness level higher comparing to private savings. This paper concludes that …