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Abstract With heterogeneity in both skills and preferences for the future, the Atkinson-Stiglitz result that savings should not be taxed with optimal taxation of earnings does not hold. Empirical evidence shows that on average people with higher skills save at higher rates. Saez (2002) suggests that with such positive correlation taxing savings can increase welfar…
The brief’s key findings from a 2006 survey are: Employers expect many of their older workers will need to work longer, but are lukewarm about keeping them. Employers are failing to confront a potential disorderly retirement process. Firms more inclined to help workers plan for retirement or work longer tend to be large, fast-growing, and…