Federal Tax Policy, Employer Matching, and 401(k) Saving: Evidence from HRS W-2 Records
AbstractWe use panel data from W-2 records for households in the Health and Retirement Study (HRS) to examine the responsiveness of 401(k) saving to taxation, employer matching, and lifecycle factors. The limit on the tax deductibility of IRA contributions enacted in the Tax Reform Act of 1986 appears to have raised 401(k) saving by 6 percent. Individuals eligible for employer matching contribute substantially more, but this result is not robust once job and firm characteristics are taken into account. Alternative pension coverage greatly reduces 401(k) saving, whereas the ability to direct the investment of funds is associated with higher saving.
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Bibliographic InfoArticle provided by National Tax Association in its journal National Tax Journal.
Volume (Year): 55 (2002)
Issue (Month): 3 (September Citation: 55 National Tax Journal 617-45 (September 2002))
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Leslie E. Papke, 1995.
"Participation in and Contributions to 401(k) Pension Plans: Evidence from Plan Data,"
Journal of Human Resources,
University of Wisconsin Press, vol. 30(2), pages 311-325.
- Leslie E. Papke, 1995. "Participation in and Contributions to 401(k) Pension Plans: Evidence om Plan Data," NBER Working Papers 4199, National Bureau of Economic Research, Inc.
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