Assessing the Effectiveness of Saving Incentives / R. Glenn Hubbard, Jonathan S. Skinner.

Format:

Book

Author/Creator:

Hubbard, R. Glenn.

Contributor:

National Bureau of Economic Research.

Skinner, Jonathan S.

Series:

Working Paper Series (National Bureau of Economic Research) no. w5686.

NBER working paper series no. w5686

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1996.

Summary:

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

Notes:

Print version record

July 1996.