Concluding that IRAs and 401(k)s do increase saving, this text provides a fresh cost-benefit approach for analyzing the "success" of savings incentives. It compares the new savings to the government tax revenue lost through contributions to IRAs and 401(k)s.
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Currently the Russell L. Carson Professor of Economics and Finance at the Graduate School of Business, and the Professor of Economics in the Department of Economics at Columbia University, Glenn Hubbard received his B.A. and B.S. from the University of Central Florida and A.M. and Ph.D. in economics from Harvard University, where he was honored with both National Science Foundation and Alfred P. Sloan Foundation fellowships.
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