Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/175495 
Year of Publication: 
2016
Series/Report no.: 
EPRU Working Paper Series No. 2016-03
Publisher: 
University of Copenhagen, Economic Policy Research Unit (EPRU), Copenhagen
Abstract: 
A Danish tax reform, decided in May 2009 and taking effect from the beginning of 2010, lowered the marginal tax rate on top bracket taxable income from 63% to 56%. Because contributions to pension accounts are tax deductible, the reform provided an incentive to increase pension contributions before the change in taxation. Using high frequency panel data, we document an increase in pension contributions in the second half of 2009 in response to the anticipated change in taxation, and that this led to an increase in total savings.
Subjects: 
Pension savings
tax incentives
high frequency individual data
JEL: 
H3
Document Type: 
Working Paper

Files in This Item:
File
Size
368.46 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.