Effectiveness of tax incentives to boost (retirement) saving: theoretical motivation and empirical evidence

Abstract

Considers the theoretical motivation and empirical evidence regarding the effectiveness of using tax incentives to increase retirement savings in the U.S. and in Great Britain. Theoretical framework representing the economic rationale for tax incentives to saving; Effectiveness of individual retirement accounts in the U.S.; Aggregate evidence on the efficacy of Tax Exempt Special Savings Accounts in Great Britain.