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Can fiscal incentives to saving alleviate looming old-age poverty?

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cris.lastimport.scopus2024-02-12T20:18:24Z
dc.abstract.enWe develop a general equilibrium overlapping generations framework with incompletely rational individuals to study old-age saving incentives. Such incentives are used worldwide to help achieve the high savings rate required to sustain sufficient consumption in old age. We show that they raise the welfare of financially illiterate individuals and those with a high degree of time inconsistency. They also reduce the incidence of poverty in old age. We further quantify the fiscal cost, crowd-out, and ability to target the transfers to individuals who need the most. Given the high prevalence of these schemes, our paper has broad policy implications.
dc.affiliationUniwersytet Warszawski
dc.contributor.authorRutkowski, Artur
dc.contributor.authorMakarski, Krzysztof
dc.contributor.authorTyrowicz, Joanna
dc.date.accessioned2024-01-24T19:03:29Z
dc.date.available2024-01-24T19:03:29Z
dc.date.issued2023
dc.description.financePublikacja bezkosztowa
dc.identifier.doi10.1017/S1474747223000185
dc.identifier.issn1474-7472
dc.identifier.urihttps://repozytorium.uw.edu.pl//handle/item/102677
dc.identifier.weblinkhttps://www.cambridge.org/core/services/aop-cambridge-core/content/view/S1474747223000185
dc.languageeng
dc.pbn.affiliationmanagement and quality studies
dc.relation.ispartofJournal of Pension Economics and Finance
dc.relation.pages1-25
dc.rightsClosedAccess
dc.sciencecloudnosend
dc.subject.enincomplete rationality
dc.subject.enold-age poverty
dc.subject.ensaving incentives
dc.subject.enwelfare effects
dc.titleCan fiscal incentives to saving alleviate looming old-age poverty?
dc.typeJournalArticle
dspace.entity.typePublication