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The Effects of Special Saving Programs on Saving and Wealth

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  • James M. Poterba
  • Steven F. Venti
  • David A. Wise

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.

Suggested Citation

  • James M. Poterba & Steven F. Venti & David A. Wise, 1995. "The Effects of Special Saving Programs on Saving and Wealth," NBER Working Papers 5287, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:5287
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    References listed on IDEAS

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    Cited by:

    1. Sylvester J. Schieber, 2010. "Aging Populations, Pension Operations, Potential Economic Disappointment and Its Allocation," NBER Chapters, in: Demography and the Economy, pages 293-325, National Bureau of Economic Research, Inc.
    2. Geoffrey Kingston, 2006. "Choice of Tax Regime for Superannuation Contributors," Australian Accounting Review, CPA Australia, vol. 16(40), pages 41-46, November.
    3. David A. Wise & Steven F. Venti, 1993. "The Wealth of Cohorts: Retirement Saving and the Changing Assets of Older Americans," NBER Working Papers 4600, National Bureau of Economic Research, Inc.
    4. Gaobo Pang & University of Maryland, 2006. "Tax-Deferred Savings and Early Retirement," Computing in Economics and Finance 2006 31, Society for Computational Economics.

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    More about this item

    JEL classification:

    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy

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