Do tax subsidies for retirement saving affect total private saving? New evidence on middle-income workers

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Standard

Do tax subsidies for retirement saving affect total private saving? New evidence on middle-income workers. / Christensen, Camilla Skovbo; Ellegaard, Bastian Emil.

I: The Scandinavian Journal of Economics, Bind 125, Nr. 4, 2023, s. 933-955.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Christensen, CS & Ellegaard, BE 2023, 'Do tax subsidies for retirement saving affect total private saving? New evidence on middle-income workers', The Scandinavian Journal of Economics, bind 125, nr. 4, s. 933-955. https://doi.org/10.1111/sjoe.12540

APA

Christensen, C. S., & Ellegaard, B. E. (2023). Do tax subsidies for retirement saving affect total private saving? New evidence on middle-income workers. The Scandinavian Journal of Economics, 125(4), 933-955. https://doi.org/10.1111/sjoe.12540

Vancouver

Christensen CS, Ellegaard BE. Do tax subsidies for retirement saving affect total private saving? New evidence on middle-income workers. The Scandinavian Journal of Economics. 2023;125(4):933-955. https://doi.org/10.1111/sjoe.12540

Author

Christensen, Camilla Skovbo ; Ellegaard, Bastian Emil. / Do tax subsidies for retirement saving affect total private saving? New evidence on middle-income workers. I: The Scandinavian Journal of Economics. 2023 ; Bind 125, Nr. 4. s. 933-955.

Bibtex

@article{6f2c05d1af394ec28a80ed6ed7f24f71,
title = "Do tax subsidies for retirement saving affect total private saving?: New evidence on middle-income workers",
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.",
author = "Christensen, {Camilla Skovbo} and Ellegaard, {Bastian Emil}",
year = "2023",
doi = "10.1111/sjoe.12540",
language = "English",
volume = "125",
pages = "933--955",
journal = "Scandinavian Journal of Economics",
issn = "0347-0520",
publisher = "Wiley-Blackwell",
number = "4",

}

RIS

TY - JOUR

T1 - Do tax subsidies for retirement saving affect total private saving?

T2 - New evidence on middle-income workers

AU - Christensen, Camilla Skovbo

AU - Ellegaard, Bastian Emil

PY - 2023

Y1 - 2023

N2 - 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.

AB - 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.

U2 - 10.1111/sjoe.12540

DO - 10.1111/sjoe.12540

M3 - Journal article

VL - 125

SP - 933

EP - 955

JO - Scandinavian Journal of Economics

JF - Scandinavian Journal of Economics

SN - 0347-0520

IS - 4

ER -

ID: 337286491