Do saving incentives such as IRAs stimulate new saving or merely reshuffle existing assets? Concluding that IRAs and 401(k)s do increase saving, the authors also provide a new cost-benefit approach for analyzing the "success" of savings incentives by comparing the new saving to the government tax revenue lost through contributions to IRAs and 401(k)s.
R. Glenn Hubbard is a visiting scholar at AEI and the Russell L. Carson Professor of Economics and Finance at Columbia University. Jonathan S. Skinner is professor of economics at Dartmouth College.
Table of Contents
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Foreword
- What Do We Know about Individual Retirement Accounts?
- What Do We Know about 401(k) Plans?
- A Cost-Benefit Approach to Savings Incentives
- Should We Have Saving Incentives At All?
- Conclusions
Notes
References
About the Authors |
