Mandatory contributions to retirement savings accounts may tighten existing borrowing constraints, forcing individuals … to forgo profitable investment options. This welfare-detrimental effect can be offset if retirement savings are allowed … combined with a pension system with unconditional basic savings …

' savings for retirement. We consider voluntary accounts as opposed to mandatory accounts with minimum contribution rates. We …

How does the provision of public pension benefits impact private savings? We answer this question in the context of a …, inconsistent with the notion that future differences in pension eligibility impact savings. Second, we show large savings responses … to other savings vehicles, such as bank or stock market accounts. Additional analyses point to inertia as a leading …

, pension saving is taxed at a relatively low rate, although the revenue loss due to tax facilities for pension savings and … budgetary effects of a cash-flow tax regime for pension savings by full present-value calculations.The fiscal subsidy on pension … savings in several (European) countries is often associated with the application of the cash-flow treatment of pensions under …

ride. Recent literature is undecided to what extent this inefficient savings distortion should be addressed by a compulsory … show that it is Pareto improving to fully eliminate the savings distortion by means of a compulsory pension termed "Hayek …

If there is a means tested basic income for old age, households will tend to reduce precautionary savings to an … income types where compulsory savings are found to be Pareto improving only up to a point. Increases in contribution rates … system (with intragenerational fairness) plays a role similar to compulsory savings in preventing the savings moral hazard …