Post by arfankj4 on Mar 4, 2024 10:26:01 GMT 1
Choi David Laibson and Brigitte C. Madrian Choosing the right retirement savings rate is complicated. In a study of whether governments can increase private savings by taxing savings up front rather than in retirement the authors analyze the impact of a Roth option on savings plan contributions. Results suggest that governments could increase after tax private savings while holding the present value of taxes collected roughly constant by making savings non deductible up front but tax exempt in retirement rather than vice versa.
Author Abstract Can governments increase private savings by taxing savings up front instead of in retirement Roth k contributions are not tax deductible in the contribution year but withdrawals in retirement are untaxed. The more common before tax k contribution is tax deductible in the contribution year but both principal and investment earnings are taxed upon withdrawal. Using administrative data from Poland Mobile Number List companies that added a Roth contribution option to their existing k plan between and we find no evidence that total k contribution rates differ between employees hired before versus after the Roth introduction which means that the amount of retirement consumption being purchased by k contributions increases after the Roth introduction. A survey experiment suggests two behavioral factors play a role in the unresponsiveness of contribution rates to their tax treatment employee confusion about or neglect of the tax properties of Roth balances and partition dependence. Paper Information Full Working Paper.
Text Working Paper Publication Date December HBS Working Paper Number NBER Working Paper Series No. Faculty Unit s Negotiation Organizations Markets Professional Networking Makes People Feel Dirty by Carmen Nobel Francesca Gino and colleagues find that people avoid professional networking—even though it s good for their careers—because it makes them feel physically dirty. Editor’s note and fabrication in a study conducted by Francesca Gino as part of this article have been shared by Harvard Business School with the publishing journal’s editor along with a request that the article be retracted. For many of us the idea of professional networking conjures unctuous thoughts of pressing the flesh with potential employers laughing at unfunny jokes and pretending to enjoy ourselves.
Author Abstract Can governments increase private savings by taxing savings up front instead of in retirement Roth k contributions are not tax deductible in the contribution year but withdrawals in retirement are untaxed. The more common before tax k contribution is tax deductible in the contribution year but both principal and investment earnings are taxed upon withdrawal. Using administrative data from Poland Mobile Number List companies that added a Roth contribution option to their existing k plan between and we find no evidence that total k contribution rates differ between employees hired before versus after the Roth introduction which means that the amount of retirement consumption being purchased by k contributions increases after the Roth introduction. A survey experiment suggests two behavioral factors play a role in the unresponsiveness of contribution rates to their tax treatment employee confusion about or neglect of the tax properties of Roth balances and partition dependence. Paper Information Full Working Paper.
Text Working Paper Publication Date December HBS Working Paper Number NBER Working Paper Series No. Faculty Unit s Negotiation Organizations Markets Professional Networking Makes People Feel Dirty by Carmen Nobel Francesca Gino and colleagues find that people avoid professional networking—even though it s good for their careers—because it makes them feel physically dirty. Editor’s note and fabrication in a study conducted by Francesca Gino as part of this article have been shared by Harvard Business School with the publishing journal’s editor along with a request that the article be retracted. For many of us the idea of professional networking conjures unctuous thoughts of pressing the flesh with potential employers laughing at unfunny jokes and pretending to enjoy ourselves.