Iras and National Savings

Burman, Leonard E.; Cordes, Joseph J.; Ozanne, Larry

doi:10.1086/ntj41788845

Cited by 22 publications

(4 citation statements)

References 3 publications

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“…The weak response of private saving to IRA contribution limits results from the fact that most contributors are relatively wealthy and already have contributed the maximum amount to their IRAs. Burman, Cordes, and Ozanne (1990) report similar findings from the IRS-Michigan Tax Panel. Engen, Gale, and Scholz (1995) examine the effect of IRAs and 401(k) plans using data from the SIPP, and find that saving by 401(k) participants is somewhat higher than for other households but that the increase in saving would be only slightly larger than the decline in public saving generated by the tax assistance.…”

Section: The Effect Of Tax Incentives On Savingsupporting

confidence: 64%

U.S. Private Saving and the Tax Treatment of Ira/401(K)S: A Re-Examination Using Household Survey Data

Thomas

Towe²

1996

SSRN Journal

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Section: The Effect Of Tax Incentives On Savingsupporting

confidence: 64%

U.S. Private Saving and the Tax Treatment of Ira/401(K)S: A Re-Examination Using Household Survey Data

Thomas

Towe²

1996

SSRN Journal

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“…contributed the maximum amount to their IRAs. Barman, Cordes, and Ozanne (1990) report similar findings from the IRS-Michigan Tax Panel. Engen, Gale, and Scholz (1995) examine the effect of IRAs and 401 (k) plans using data from the SIPP.…”

Section: Si Invested Insupporting

confidence: 64%

United States: Background Papers

Fund¹

1995

IMF Staff Country Reports

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saving 99 2. Recent proposals for enhanced saving incentives 3. A simple analysis of saving incentives 4. The effect of tax incentives on saving 5. Further evidence from household survey data a. An analysis of tax-assisted saving b. An analysis of 1989 asset shares 6. Conclusion Appendix. Data IX. International Trade and Investment Policies 1. The Uruguay Round Agreement a. Estimated effects of the Uruguay Round on the United States b. MFN tariff cuts and bindings c. Textiles and clothing d. The agreement on agriculture 2. The North American Free Trade Agreement (NAFTA) and the Free Trade Area of the Americas (FTAA) 3. Asia-Pacific Economic Cooperation Forum (APEC) 4. Other international agreements and the resolution of trade disputes a. Agreements reached under the U.S.-Japan Framework talks b. Dispute settlement activity under GATT/WTO 5. Import policies and measures 6. Developments under Section 301 and special 301 a. China b. U.S.-Japan auto dispute c. The banana dispute d. Korea e. Canada f. U.S.-Japan film dispute 7. Trade preferences for developing countries 8. Foreign investment 9. Other measures and issues X. Official Development Assistance ©International Monetary Fund. Not for Redistribution Tables I-1. Additional Background Material II-1.

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“…2. Burman and Cordes (1990), Gravelle (1991), Scholz (1994), andEngen, Gale, andScholz (1996) argue that IRA contributions largely represent substitution from saving within taxable asset accounts. Conversely, Venti and Wise (1990) and Thaler (1994) maintain that IRA contributions primarily represent new saving.…”

Section: Discussionmentioning

confidence: 99%

The Effect of the Current Ira Program on Federal Debt

Caliendo

Lewis

2004

Public Finance Review

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This article analyzes the long-term impact of the current individual retirement account (IRA) program on government debt. The initial work on this subject was conducted by Feldstein (1995), who argued that the traditional IRA has a favorable long-term effect on government debt. Yet, absent from the literature is any formal extension of Feldstein’s model to include the Roth IRA. Using modeling techniques similar to Feldstein, the Roth IRA is shown to have a negative long-term effect on government debt. The model includes personal and corporate tax revenue collections, the cost of government debt, the source of Roth IRA saving, the payment source of the taxes paid on Roth contributions, and optimal investment strategies. Aconceptual, newtype of IRA is proposed as a replacement for the Roth IRA.

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Iras and National Savings

Cited by 22 publications

References 3 publications

U.S. Private Saving and the Tax Treatment of Ira/401(K)S: A Re-Examination Using Household Survey Data

U.S. Private Saving and the Tax Treatment of Ira/401(K)S: A Re-Examination Using Household Survey Data

United States: Background Papers

The Effect of the Current Ira Program on Federal Debt

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