64 pages. "This report examines the effects of EGTRRA on private and national saving and on the distribution of federal tax benefits for saving. [The authors] find that, while the new tax incentives may induce some increase in private saving, that is likely to be more than offset by the increase in deficits (reduced public saving). As a result, the net effect is likely to be a reduction in national saving that could be as large as 1 percent of GDP from 2002 to 2011."  MORE >>