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Estimates of Tax-Favored Retirement Saving Behavior of the Self-Employed

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  • James E. Long

    (Auburn University)

Abstract

Self-employment activity has increased in the United States in recent years, and this growth has expanded the role of saving by self-employed workers as a source of funds for investment. A major if not the primary motive for saving by the self-employed is to provide for income during retirement. Retirement saving via Keogh plans receives preferential tax treatment not unlike that accorded IRAs, yet Keogh saving behavior has generally been overlooked in econometric research. This article presents empirical estimates of the determinants of the decision to participate in a Keogh savings plan and the amount of annual contributions to the plan.

Suggested Citation

  • James E. Long, 1993. "Estimates of Tax-Favored Retirement Saving Behavior of the Self-Employed," Public Finance Review, , vol. 21(2), pages 163-177, April.
    • Handle: RePEc:sae:pubfin:v:21:y:1993:i:2:p:163-177
    DOI: 10.1177/109114219302100203
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    References listed on IDEAS

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    1. Daniel Feenberg & Jonathan Skinner, 1989. "Sources of IRA Saving," NBER Chapters, in: Tax Policy and the Economy, Volume 3, pages 25-46, National Bureau of Economic Research, Inc.
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    8. Long, James E., 1988. "Taxation and IRA Participation: Re-Examination and Confirmation," National Tax Journal, National Tax Association;National Tax Journal, vol. 41(4), pages 585-589, December.
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