Assessing the Effectiveness of Saving Incentives

R. Glenn Hubbard, Jonathan S. Skinner

In this paper, we argue that there is more to be learned from recent research on the effectiveness of targeted saving incentives than is suggested by the wide variation in empirical estimates. First, we conclude that characterizations of saving appear to stimulate moderate amounts of new saving. Second, we suggest a cost-benefit approach to ask: What is the incremental gain in capital accumulation per dollar of foregone revenue? We find that for quite conservative measures of the saving impacts of IRAs or 401(k)s, the incremental gains in capital accumulation per dollar of lost revenue are large

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Year of publication:	July 1996
Authors:	Hubbard, R. Glenn
Other Persons:	Skinner, Jonathan S. (contributor)
Institutions:	National Bureau of Economic Research (contributor)
Publisher:	Cambridge, Mass : National Bureau of Economic Research
Subject:	Sparen \| Savings \| Sparförderung \| Saving incentives \| Steuervergünstigung \| Tax incentive \| Theorie \| Theory \| Wirkungsanalyse \| Impact assessment \| Anreiz \| Incentives

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