U.S. Private Saving and the Tax Treatment of IRA/401(k)s A Re-examination Using Household Survey Data

The effect of the tax treatment of IRA/401(k)s on U.S. personal saving is examined using household survey data from the Survey of Consumer Finances. The results suggest that the tax treatment of IRA/401(k)s encouraged households to increase the share of assets held in the form of pension savings, at...

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Bibliographic Details
Main Author: Thomas, Alun
Other Authors: Towe, Christopher
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1996
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Wealth 
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653 |a Economics of the Handicapped 
653 |a Public finance & taxation 
653 |a Nonwage Labor Costs and Benefits 
653 |a Economics of the Elderly 
653 |a Aging 
653 |a National accounts 
653 |a Labor 
653 |a Population and demographics 
653 |a Demography 
653 |a Pensions 
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653 |a Tax administration and procedure 
653 |a Marginal effective tax rate 
653 |a Taxation 
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653 |a Institutional Investors 
653 |a Private Pensions 
653 |a Pension Funds 
653 |a Stocks 
653 |a Non-labor Market Discrimination 
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520 |a The effect of the tax treatment of IRA/401(k)s on U.S. personal saving is examined using household survey data from the Survey of Consumer Finances. The results suggest that the tax treatment of IRA/401(k)s encouraged households to increase the share of assets held in the form of pension savings, at the expense of saving in the form of housing equity. Some evidence also was found to suggest that the tax treatment of pension savings similarly affected the flow of saving. In particular, the data appeared to reject the hypothesis that the tax treatment of IRA/401(k)s increased total personal saving