Work

The Effects of Special Saving Programs on Saving and Wealth

Year: 1995

Type: report

Abstract: Individual saving through targeted retirement saving accountsþIRAs and 401(k)sþgrew rapidly in the United States during the 1980s. The microeconomic evidence presented in this paper suggests that most of the contributions to these programs represent new saving that would not otherwise have occurred. The micro evidence is compared with macro saving measured by National Income and Product Accounts and Flow of Funds data.

Source: National Bureau of Economic Research

DOI: 10.3386/w5287

Authors: James Poterba, Steven Venti, David Wise

Institutions: National Bureau of Economic Research, Massachusetts Institute of Technology, Dartmouth College, Harvard University

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: No poverty

Open Access status: green

OpenAlex ID: W1514553232

Cites: 13

Cited by: 18

Related to: 10