The Effects of Special Saving Programs on Saving and Wealth

James M. Poterba, Steven F. Venti, David A. Wise

NBER Working Paper No. 5287
Issued in October 1995
NBER Program(s):   AG   PE

Individual saving through targeted retirement saving accountsþIRAs and 401(k)sþgrew rapidly in the United States during the 1980s. The microeconomic evidence presented in this paper suggests that most of the contributions to these programs represent new saving that would not otherwise have occurred. The micro evidence is compared with macro saving measured by National Income and Product Accounts and Flow of Funds data.

(720 K)

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Published:

• Poterba, James M., Steven F. Venti and David A. Wise. "How Retirement Saving Programs Increase Saving," Journal of Economic Perspectives, 1996, v10(4,Fall), 91-112. ,
• The Economic Effects of Aging in the United States and Japan, Michael D. Hurd and Naohiro Yashiro, eds., pp. 217-240, (Chicago: University of Chicago Press, 1997). ,
• The Effects of Special Saving Programs on Saving and Wealth, James M. Poterba, Steven F. Venti, David A. Wise, in The Economic Effects of Aging in the United States and Japan (1996), University of Chicago Press
  

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