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dc.contributor.authorAyuso Huertas, Juan
dc.contributor.authorJimeno Serrano, Juan F.
dc.contributor.authorVillanueva López, Ernesto
dc.coverage.spatialEspaña
dc.date.accessioned2019-08-10T17:50:15Z
dc.date.available2019-08-10T17:50:15Z
dc.date.issued2007
dc.identifier.issn0213-2710 (en papel)
dc.identifier.issn1579-8666 (en línea)
dc.identifier.urihttps://repositorio.bde.es/handle/123456789/6917
dc.description.abstractThis paper uses a Spanish panel of tax returns and another on household expenditure during the period 1985-1991 to examine the incidence of the introduction in 1988 of tax incentives to retirement savings on contributions to pension funds and on savings. We first identify the population cohorts who most used these incentives. Then we use data on the evolution of consumption of these cohorts to find that there is substantial heterogeneity in the response of household saving to tax incentives. Most contributions to pension funds are by older/high income individuals. While the overall amount of new saving we estimate is limited (at most 25 cents per euro contributed on average), saving responses differ substantially across age groups. In particular, we document very small consumption drops among the group of households between 56 and 65 years of age, the group that most actively contributed to the plan, while we find instead a larger decrease in consumption expenditures of the group of households between 46 and 55 years of age
dc.format.extent50 p.
dc.language.isoeng
dc.publisherBanco de España
dc.relation.ispartofDocumentos de trabajo / Banco de España, 0724
dc.rightsReconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
dc.rightsIn Copyright - Non Commercial Use Permitted
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
dc.rights.urihttp://rightsstatements.org/vocab/InC-NC/1.0/
dc.subjectPension funds
dc.subjectTax incentives
dc.subjectSavings
dc.titleThe effects of the introduction of tax incentives on retirement savings
dc.typeLibro
dc.identifier.bdebib000191039
dc.identifier.bdepubDTRA-200724-eng
dc.subject.bdePensiones y economía de la vejez
dc.subject.bdeImpuestos sobre las personas
dc.publisher.bdeMadrid : Banco de España, 2007
dc.subject.jelD14
dc.subject.jelH24
dc.subject.jelH55
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