421. Improving the Saver's Credit
- Author:
- William G. Gale and Peter R. Orszag
- Publication Date:
- 07-2004
- Content Type:
- Policy Brief
- Institution:
- The Brookings Institution
- Abstract:
- For decades, the U.S. private pension system has provided preferential tax treatment to employer-provided pensions, 401(k) plans, and individual retirement accounts relative to other forms of saving. The effectiveness of this system of subsidies is controversial. Despite the accumulation of vast amounts of wealth in pension accounts, concerns persist about the ability of the pension system to raise private and national saving, and in particular to improve saving outcomes among those households most in danger of inadequately preparing for retirement.
- Topic:
- Economics, Government, and Human Welfare
- Political Geography:
- United States