MARC Record from Library of Congress

LEADER: 02209cam a22002897a 4500
001 2005615569
003 DLC
005 20050204152726.0
007 cr |||||||||||
008 050112s2004 mau sb 000 0 eng
010 $a 2005615569
040 $aDLC$cDLC$dDLC
050 00 $aHB1
100 1 $aDynarski, Susan M.
245 10 $aWho benefits from the education saving incentives?$h[electronic resource]$bincome, educational expectations, and the value of the 529 and coverdell /$cSusan M. Dynarski.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2004.
490 1 $aNBER working paper series ;$vworking paper 10470
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/12/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"This paper examines the incentives created by the 529 and Coverdell tax-advantaged savings accounts. I find that the advantages of the 529 and Coverdell rise sharply with income, for three reasons. First, those with the highest marginal tax rates benefit the most from sheltering income, gaining most in both absolute and relative terms. Second, the tax penalties that are assessed on families whose children do not use their Coverdell accounts to pay for college hit some families harder than others. Strikingly, those in the top two tax brackets benefit more from non-educational use of a Coverdell than those in the bottom bracket gain from its educational use. Finally, the college financial aid system reduces aid for those families that have any financial assets, including an ESA or 529. Since the highest-income families are unaffected by this aid tax, this further intensifies the positive correlation between income and the advantages of the tax-advantaged college savings accounts"--National Bureau of Economic Research web site.
650 0 $aEducation savings accounts.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 10470.
856 40 $uhttp://papers.nber.org/papers/W10470