Individual Retirement Accounts in Portugal
Keyword(s):
In Portugal, Individual Retirement Accounts (IRAs) were created with significant tax incentives in 1989. To inform the debate with research findings, the purpose of this paper is to analyze the determinants of IRAs’ participation, both for retired and no-retired persons. The paper uses ASF (Portuguese Insurance and Pension Funds Supervisory Authority) Statistics and European Survey of Health, Ageing and Retirement in Europe (Share) database, Wave 4, and a probit model. The results show that the variables that have a positive and significant impact on the ownership of IRAs are age, years of education, income, and house ownership.
2019 ◽
Vol 10
(1)
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pp. 64-77
Keyword(s):
2016 ◽
Vol 16
(1)
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pp. 1-20
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Are Old-age Pension System Reforms Moving Away from Individual Retirement Accounts in Latin America?
2010 ◽
Vol 39
(2)
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pp. 223-234
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Keyword(s):
Old Age
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