TY  - JOUR
AU  - Hubbard,R. Glenn
AU  - Skinner,Jonathan S.
TI  - Assessing the Effectiveness of Saving Incentives
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 5686
PY  - 1997
Y2  - February 1997
UR  - http://www.nber.org/papers/w5686
L1  - http://www.nber.org/papers/w5686.pdf
N1  - Author contact info:
R. Glenn Hubbard
Graduate School of Business
Columbia University, 101 Uris Hall
3022 Broadway
New York, NY  10027
Tel: 212/854-3493
Fax: 212/864-6184
E-Mail: rgh1@columbia.edu, ws2187@columbia.edu

Jonathan S. Skinner
Department of Economics
6106 Rockefeller Hall
Dartmouth College
Hanover, NH 03755
Tel: 603/646-2535
Fax: 603/646-2122
E-Mail: jonathan.skinner@dartmouth.edu
M2  - featured in NBER digest on 1997-01-01
AB  - In this paper, we argue that there is more to be learned from recent research on the effectiveness of targeted saving incentives than is suggested by the wide variation in empirical estimates.  First, we conclude that characterizations of saving appear to stimulate moderate amounts of new saving.  Second, we suggest a cost-benefit approach to ask: What is the incremental gain in capital accumulation per dollar of foregone revenue?  We find that for quite conservative measures of the saving impacts of IRAs or 401(k)s, the incremental gains in capital accumulation per dollar of lost revenue are large
ER  -