Ayuso, Juan; Jimeno, Juan F.; Villanueva, Ernesto - Banco de España - 2007
examine the incidence of the introduction in 1988 of tax incentives to retirement savings on contributions to pension funds … and on savings. We first identify the population cohorts who most used these incentives. Then we use data on the evolution … across age groups. In particular, we document very small consumption drops among the group of households between 56 and 65 …