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- W4381889430 abstract "Abstract We exploit exogenous variation from a pension reform in Denmark to estimate the effect of tax subsidies on total private saving. We present new evidence on individuals in the middle of the income distribution and show that a reduction in tax subsidies for retirement saving reduces total private saving. The reform changed the tax incentives for saving in the pension scheme that holds the highest tax advantage for middle‐income workers in Denmark. We find that for each unit of reduced saving in this pension scheme, only 64 percent is substituted to other types of saving." @default.
- W4381889430 created "2023-06-25" @default.
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- W4381889430 date "2023-08-29" @default.
- W4381889430 modified "2023-10-12" @default.
- W4381889430 title "Do tax subsidies for retirement saving affect total private saving? New evidence on middle‐income workers<sup>*</sup>" @default.
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- W4381889430 doi "https://doi.org/10.1111/sjoe.12540" @default.
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