Employee stock purchase plans (ESPPs) are designed to promote employee stock ownership broadly within the firm and provide another tax–deferred vehicle for individual capital accumulation in addition to traditional pensions, 401(k)s, and stock options. We outline the individual and corporate...

Attempts to see whether anything can be learned from a comparative analysis of the techniques used in eleven industrialized countries to allow for family responsibilities in income taxes. Highlights patterns among these countries in the tax treatment of the family and illustrates the mix and...

This paper uses the Health and Retirement Study to examine the extent of retirement wealth erosion from pre-retirement lump-sum pension distributions. There is little evidence that spent distributions have resulted in significant pension leakage. If spent distributions had been rolled over into...

Includes a description of tax-subsidized savings accounts for first-time home buyers sponsored by the Canadian government between 1974 and 1985. Tax savings, institutional features, participation patterns, and effects on the Canadian housing market are examined.

We use panel data from W-2 records for households in the Health and Retirement Study (HRS) to examine the responsiveness of 401(k) saving to taxation, employer matching, and lifecycle factors. The limit on the tax deductibility of IRA contributions enacted in the Tax Reform Act of 1986 appears...