, pension saving is taxed at a relatively low rate, although the revenue loss due to tax facilities for pension savings and … budgetary effects of a cash-flow tax regime for pension savings by full present-value calculations. The fiscal subsidy on …A wide variety of tax regimes for (occupational) private pension saving are in place around the world. Generally …

these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide …How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … their expected pension payments. Using German tax return data, we exploit an age discontinuity to identify the effect of …

Retirement savings abandonment is a rising concern connected to defined contribution systems and default enrollment. We … use tax data on Individual Retirement Accounts (IRAs) to establish that in 2017, 2.7% of 72.5 year-old account-holders in … automatic rollover IRAs, a type of default account. We nest our findings in a model of retirement savings featuring forgetting …

determine retirement savings and tax payments. Flat income and tax-rate profiles facilitate the analysis of behavioral factors … like present-period tax avoidance, while optimal consumption and after-tax savings are identical for both treatments. Our … effects of mandated Traditional (tax-deferred) or Roth (taxprepaid) retirement policies in a controlled laboratory setting …

In the 2010s, the Korean government revised the Income Tax Act to increase the tax burden for retirement income paid in … a lump sum. The reform gradually increased the tax from 2015 to 2020. In addition, if a plan member transfers retirement … income to the individual retirement pension account to select annuity payment, the applicable tax would be reduced to 70% of …

The tax incentive enjoyed by workplace pension schemes could encourage participants to increase their total savings or … the fact that contributions are tax-exempt, the additional savings generated amount to around 31 cents for every euro …, alternatively, crowd out savings that would have materialised in other financial vehicles in the absence of this incentive. This …

The primary motivation for retirement savings policy is the view that many of us, if left to our own devices, will not … save enough for retirement. Special tax subsidies for employer-sponsored retirement plans — a principal component of the … federal policy scheme — have made such plans the predominant vehicle for private savings for retirement. A growing body of …

disproportionately low savings of individuals on low incomes and non-fungibility between public and private pension wealth. The model is … applied to study welfare and savings implications of automatic enrolment into private pensions. The default option effect on … default scheme. Nevertheless, the impact of automatic enrolment on total savings is ambiguous in general, because in addition …