Assessing the Effectiveness of Saving Incentives

Robert Glenn Hubbard () and Jonathan Skinner ()

No 5686, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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

JEL-codes: E2 H3 (search for similar items in EconPapers)
Date: 1997-02
Note: PE
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Journal Article: Assessing the Effectiveness of Saving Incentives (1996)
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