Research

Laying the Groundwork for More Efficient Retirement Savings

November 9, 2015

Better designed retirement savings incentives that target lower-income workers would make a real difference in workers’ retirement preparedness.

In a joint issue brief with the Center for American Progress (CAP), CAP Senior Fellow Christian Weller and SCEPA Director Teresa Ghilarducci call for reforming the tax code to prioritize refundable tax credits over new tax deductions; emphasize progressive savings matches that offer relatively higher benefits to lower-income households; create savings incentives that are simple to use; and establish new savings options, such that gaining access to savings incentives depends less on employers offering retirement plans.

Authors: Christian E. Weller and Teresa Ghilarducci
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SCEPA works to focus the public economics debate on the role government can and should play in the real productive economy - that of business, management, and labor - to raise living standards, create economic security, and attain full employment.