Assessing pension-related tax expenditures in South Africa: Evidence from the 2016 retirement reform

Agustin Redonda and Christopher Axelson

No wp-2021-54, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: In 2016, the South African government introduced a comprehensive reform to simplify and harmonize the pension system in order to incentivize pension savings and increase the fairness of the retirement system. Using administrative tax micro-data, we assess the impact of the 2016 reform and find that it triggered a positive impact on the extensive margin (the number of people contributing to pension funds) and a less sharp yet positive effect on the intensive margin (the average value of contributions).

Keywords: Pensions; Tax incentive; Inequality; Tax expenditures; retirement (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-age
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Citations: View citations in EconPapers (3)

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