Research Report KiwiSaver Evaluation Literature Review
Final Report to Inland Revenue
Eric Toder, Surachai Khitatrakun
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KiwiSaver is a new saving incentive program in New Zealand that requires automatic enrollment of all new employees, with an option to opt out. KiwiSaver also subsidizes participation, but its subsidies are smaller than tax subsidies for saving in qualified retirement plans in the United States. Recent research shows that using automatic enrollment as a default rule substantially increases participation in retirement saving plans, but evidence on whether saving incentives plans increase net saving is mixed. KiwiSaver is the first large-scale test of whether default rules can be more effective than financial incentives in increasing retirement saving.
Research Areas Aging and retirement Taxes and budgets
Tags Pensions Individual taxes Federal budget and economy Retirement policy
Policy Centers Income and Benefits Policy Center