Extending pension coverage: Tax versus non-tax incentives
This paper compares the design, cost and e?ectiveness of three voluntary approaches for increasing pension coverage. The frst facilitates plan features designed to attract workers. The second provides tax and other fnancial incentives. The third mandates autoenrollment of workers with opt out. Th...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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University of Finance and Administration
2018-09-01
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| Series: | ACTA VŠFS |
| Subjects: | |
| Online Access: | https://www.vsfs.cz/periodika/acta-2018-2-01.pdf |
| _version_ | 1818016053839527936 |
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| author | Joanna Rutecka-Gora Jaroslav Vostatek John A. Turner |
| author_facet | Joanna Rutecka-Gora Jaroslav Vostatek John A. Turner |
| author_sort | Joanna Rutecka-Gora |
| collection | DOAJ |
| description | This paper compares the design, cost and e?ectiveness of three voluntary approaches for
increasing pension coverage. The frst facilitates plan features designed to attract workers.
The second provides tax and other fnancial incentives. The third mandates autoenrollment
of workers with opt out. The non-tax incentives of plan features in the United States have
had little e?ect on increasing coverage. Generous tax incentives in Germany and Czechia
have raised coverage but are costly. Mandatory autoenrollment with opt out in the United
Kingdom has achieved the highest coverage rate of the three approaches. |
| first_indexed | 2024-04-14T07:06:45Z |
| format | Article |
| id | doaj.art-23d9b9cfd9c746a284846597d3d51296 |
| institution | Directory Open Access Journal |
| issn | 1802-792X 1802-7946 |
| language | English |
| last_indexed | 2024-04-14T07:06:45Z |
| publishDate | 2018-09-01 |
| publisher | University of Finance and Administration |
| record_format | Article |
| series | ACTA VŠFS |
| spelling | doaj.art-23d9b9cfd9c746a284846597d3d512962022-12-22T02:06:33ZengUniversity of Finance and AdministrationACTA VŠFS1802-792X1802-79462018-09-01122107124Extending pension coverage: Tax versus non-tax incentivesJoanna Rutecka-Gora0Jaroslav Vostatek1John A. Turner2Warsaw School of EconomicsUniversity of Finance and AdministrationPension Policy CenterThis paper compares the design, cost and e?ectiveness of three voluntary approaches for increasing pension coverage. The frst facilitates plan features designed to attract workers. The second provides tax and other fnancial incentives. The third mandates autoenrollment of workers with opt out. The non-tax incentives of plan features in the United States have had little e?ect on increasing coverage. Generous tax incentives in Germany and Czechia have raised coverage but are costly. Mandatory autoenrollment with opt out in the United Kingdom has achieved the highest coverage rate of the three approaches.https://www.vsfs.cz/periodika/acta-2018-2-01.pdfpension coverageautomatic enrollmenttax incentives |
| spellingShingle | Joanna Rutecka-Gora Jaroslav Vostatek John A. Turner Extending pension coverage: Tax versus non-tax incentives ACTA VŠFS pension coverage automatic enrollment tax incentives |
| title | Extending pension coverage: Tax versus non-tax incentives |
| title_full | Extending pension coverage: Tax versus non-tax incentives |
| title_fullStr | Extending pension coverage: Tax versus non-tax incentives |
| title_full_unstemmed | Extending pension coverage: Tax versus non-tax incentives |
| title_short | Extending pension coverage: Tax versus non-tax incentives |
| title_sort | extending pension coverage tax versus non tax incentives |
| topic | pension coverage automatic enrollment tax incentives |
| url | https://www.vsfs.cz/periodika/acta-2018-2-01.pdf |
| work_keys_str_mv | AT joannaruteckagora extendingpensioncoveragetaxversusnontaxincentives AT jaroslavvostatek extendingpensioncoveragetaxversusnontaxincentives AT johnaturner extendingpensioncoveragetaxversusnontaxincentives |