Arbeitspapier
Learning to save tax-efficiently: Tax misperceptions and the effect of informational tax nudges on retirement savings
Using a series of laboratory experiments, this paper studies the effect of tax misperceptions on retirement savings and examines whether informational tax nudges and changing the form of the tax subsidy promote tax-efficient savings behavior. We find that deferred pension taxation results in after-tax pensions that are approximately 25% lower compared to an economically equivalent immediate pension tax system. This indicates substantial tax misperceptions. For subjects with low tax and financial knowledge, these misperceptions remain stable even if they have gained experience. Only if we provide subjects with recurrent numerical informational nudges on tax refunds, together with numerical informational nudges on future pension taxes, do tax distortions disappear for all subjects. Regarding the form of the tax subsidy, we demonstrate that replacing the tax deductibility of retirement savings with matching contributions increases tax-efficiency without the need to provide informational tax nudges.
- Sprache
-
Englisch
- Erschienen in
-
Series: arqus Discussion Paper ; No. 225
- Klassifikation
-
Wirtschaft
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Taxation, Subsidies, and Revenue: General
Fiscal Policies and Behavior of Economic Agents: General
- Thema
-
Pension Taxation
Tax Misperception
Learning Behavior
Informational Tax Nudges
Matching Contribution
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Blaufus, Kay
Milde, Michael
- Ereignis
-
Veröffentlichung
- (wer)
-
Arbeitskreis Quantitative Steuerlehre (arqus)
- (wo)
-
Berlin
- (wann)
-
2018
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Blaufus, Kay
- Milde, Michael
- Arbeitskreis Quantitative Steuerlehre (arqus)
Entstanden
- 2018
Ähnliche Objekte (12)
Tax overpayments, tax evasion, and book-tax differences
German income tax : personal income tax, corporate income tax and trade tax
Tax Competition with Two Tax Instruments - and Tax Evasion
Tax Progressivity and Tax Evasion
Tax management and tax evasion
Tax competition and tax revenues
Tax Management and Tax Evasion
Tax competition and tax revenues
Tax competition and tax revenues
Tax
Tax Knowledge, Tax Complexity and Tax Compliance in South Africa
Can nudges save lives?
Tax overpayments, tax evasion, and book-tax differences
German income tax : personal income tax, corporate income tax and trade tax
Tax Competition with Two Tax Instruments - and Tax Evasion
Tax Progressivity and Tax Evasion
Tax management and tax evasion
Tax competition and tax revenues
Tax Management and Tax Evasion
Tax competition and tax revenues
Tax competition and tax revenues
Tax
Tax Knowledge, Tax Complexity and Tax Compliance in South Africa
Can nudges save lives?
Tax overpayments, tax evasion, and book-tax differences
German income tax : personal income tax, corporate income tax and trade tax
Tax Competition with Two Tax Instruments - and Tax Evasion
Tax Progressivity and Tax Evasion
Tax management and tax evasion
Tax competition and tax revenues
Tax Management and Tax Evasion
Tax competition and tax revenues
Tax competition and tax revenues
Tax
Tax Knowledge, Tax Complexity and Tax Compliance in South Africa