Distributional Effects of Defined Contribution Plans and Individual Retirement Arrangements

Leonard E. Burman, William Gale, Matthew Hall and Peter R. Orszag

Chapter 3 in The Distributional Effects of Government Spending and Taxation, 2006, pp 69-111 from Palgrave Macmillan

Abstract: Abstract Since the origins of income tax in 1913, the federal government has subsidized retirement saving relative to other saving. In 2003, the present value of the federal revenue loss from new contributions to employer pensions exceeded $184 billion (Office of Management and Budget, 2004, Table 18.4). Despite the magnitude of these revenue losses and the sizable role of tax-deferred saving in providing retirement income, the distributional effects of these programs have received little attention.1 This chapter helps fill that gap. We describe the development of a retirement saving module in the Tax Policy Center (TPC) microsimulation model and present estimates of the current distribution of benefits from defined contribution plans and individual retirement arrangements.2

Keywords: Cash Income; Retirement Saving; Internal Revenue Service; Employer Contribution; Define Contribution Plan (search for similar items in EconPapers)
Date: 2006
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Journal Article: Distributional Effects of Defined Contribution Plans and Individual Retirement Arrangements (2004)
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DOI: 10.1057/9780230378605_3

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