Can we increase retirement saving?

Sass, Steven A. “Can we increase retirement saving?”. Issue in Brief 16-15, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, September 2016. http://hdl.handle.net/2345/bc-ir:107184.
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Abstract

The brief’s key findings are: (1) Today’s workers must save on their own for a secure retirement, so researchers have examined existing options for encouraging them. (2) Tax incentives: recent research suggests that increasing the generosity of tax incentives for 401(k)s and IRAs would not significantly increase saving. (3) 401(k) design: auto-enrollment has boosted participation, but, to date, low default contribution rates and little auto-escalation have dampened the rise in saving. (4) Auto-IRAs: recently adopted by some states, they would require employers without a plan to enroll their workers in an IRA, with the ability to opt out.

Title
Can we increase retirement saving?
Author
Sass, Steven A.
Center
Center for Retirement Research
Genre
report
Date Issued
September 2016
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
16-15
Persistent Link
http://hdl.handle.net/2345/bc-ir:107184
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing Retirement

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