Taxation and Corporate Pension Policy
NBER Working Paper No. 661
Section I introduces the material in the context of existing research. In Section II the effects of the tax structure on the desirability of having pension plans and on the funding and investment policies of such plans is discussed. Section III discusses the discrepancies between the prescriptions presented above and current practice. The Appendix contains a detailed analysis of each of the two tax provisions that apply to corporate pension plans.
Document Object Identifier (DOI): 10.3386/w0661
Published: Journal of Finance, Vol. 36, no. 1 (1981): 1-13.