Work

Individual response to a retirement saving program: results from U.S. panel data

Year: 1995

Type: article

Abstract: Heterogeneity in individual saving behaviour presents the major difficulty in determining the saving effect of special retirement saving programs. We address that issue in this paper by “using individuals as their own controls”. The paper considers changes in other saving when individuals made contributions to Individual Retirement Accounts (IRAs) near the outset of that program. The analysis is based on the 1984 panel of the Survey of Income and Program Participation (SIPP). For the most part, we find that when individuals who were not contributing to an IRA began to contribute there was little change in other saving.

Source: Research in Economics

DOI: 10.1016/0035-5054(95)90003-9

Authors: Steven F. Venti, David A. Wise

Institutions: Dartmouth College, Harvard University

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $2,950

Funders: U.S. Department of Health and Human Services, National Institute on Aging