The Effect of Individual Retirement Accounts on Household Consumption and National Saving  

Oleh:

Attanasio, Orazio P. ; DeLeire, Thomas

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 112 no. 481 (2002), page 504-538.
Topik: consumption; retirement accountrs; household consumption; national saving
Fulltext: 504.pdf (195.9KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.8 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

A major debate exists on whether expanding tax - favoured savings accounts such as Individual Retirement Accounts (IRAs) will increase national savings. Much of the empirical debate has centred on whether IRA contributions before the Tax Reform Act of 1986 represented new savings or merely reshuffled assets. We find no evidence that households financed their IRA contributions from reductions in consumption, at least initially. We find evidence that households financed their IRA contributions from existing savings or from saving that would have been done anyway. Our results indicate that, at most, 9 % of IRA contributions represented net additions to national saving.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali