全球智库信息集成服务系统(G2TT): Does Front-Loading Taxation Increase Savings? Evidence from Roth 401(k) Introductions

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w20738
来源ID	Working Paper 20738
	Does Front-Loading Taxation Increase Savings? Evidence from Roth 401(k) Introductions
	John Beshears; James J. Choi; David Laibson; Brigitte C. Madrian
发表日期	2014-12-15
出版年	2014
语种	英语
摘要	Can governments increase private savings by taxing savings up front instead of in retirement? Roth 401(k) contributions are not tax-deductible in the contribution year, but withdrawals in retirement are untaxed. The more common before-tax 401(k) contribution is tax-deductible in the contribution year, but both principal and investment earnings are taxed upon withdrawal. Using administrative data from eleven companies that added a Roth contribution option to their existing 401(k) plan between 2006 and 2010, we find no evidence that total 401(k) contribution rates differ between employees hired before versus after Roth introduction, which implies that take-home pay declines and the amount of retirement consumption being purchased by 401(k) contributions increases after Roth introduction. We reject several neoclassical explanations for our null finding. Results from a survey experiment suggest two behavioral explanations: (1) employee confusion about and neglect of the tax properties of Roth balances and (2) partition dependence.
主题	Microeconomics ; Behavioral Economics ; Households and Firms ; Public Economics ; Taxation
URL	https://www.nber.org/papers/w20738
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/578413
推荐引用方式 GB/T 7714	John Beshears,James J. Choi,David Laibson,et al. Does Front-Loading Taxation Increase Savings? Evidence from Roth 401(k) Introductions. 2014.