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lifecycle labor supply and savings decisions; and that this in turn risks invalidating current reform approaches of a closer …
Persistent link: https://www.econbiz.de/10012978166
lifecycle labor supply and savings decisions; and that this in turn risks invalidating current reform approaches of a closer …
Persistent link: https://www.econbiz.de/10011581722
their assets inside and outside tax-qualified retirement plans, their mortality assumptions, and their accrued Social …
Persistent link: https://www.econbiz.de/10014348756
The stock market collapse led to political tensions between generations due to the fuzzy definition of the property rights over the pension funds’ wealth. The problem is best resolved by the introduction of generational accounts. Modern consumption and portfolio theory shows that the younger...
Persistent link: https://www.econbiz.de/10011334341
pension system, where savings are matched by government grants. Accounting for the resulting tax expenditure, our models …
Persistent link: https://www.econbiz.de/10011451322
Nudges toward voluntary defined-contribution retirement savings have moved many non-savers into savings but have left … on evidence from the United States and other countries to advocate a retirement savings solution centered on a … paternalistic second layer of mandatory private defined-contribution savings accounts in a retirement savings pyramid, above the …
Persistent link: https://www.econbiz.de/10013085518
As Ontario pushes ahead with pension reform to improve retirement security for its citizens, it should consider a “middle-way” solution between current competing visions for reform, according to a report released today by the C.D. Howe institute. In “Helping Ontarians Save for Retirement:...
Persistent link: https://www.econbiz.de/10013057219
Recent pension reforms have shifted a larger responsibility towards savers. Individuals therefore need better knowledge of the rules and incentives embedded in the pension system to adequately save and prepare for retirement. In this paper, we use a novel Swedish survey matched with high-quality...
Persistent link: https://www.econbiz.de/10012384259
We examine the incidence on household consumption of the introduction of tax incentives to retirement saving. First, using data from a panel of tax returns we document that most contributions to pension funds are by older/high-income individuals. Then we use panel data from a consumption survey...
Persistent link: https://www.econbiz.de/10012179180
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 …
Persistent link: https://www.econbiz.de/10014319310