Distributional effects of defined contribution plans and individual retirement arrangements.

INTRODUCTION

The federal conduct has subsidized retirement saving relative to other saving since the origins of the income tax in 1913 In 2003 the not absent value of the federal receipts loss from new contributions to employer pensions transcended $184 billion (Office of Management and parcel 2004, Table 18-4). Despite the magnitude of these receipts losses and the sizable character of tax-deferred saving in providing retirement income, the distributional events of these programs have received little attention. (1) This paper helps fill that gap. We describe the unravelling of a retirement saving module in the Tax Policy Center microsimulation type and ...