Internet Appendix to 'Should the Government Be Paying Investment Fees on $3 Trillion of Tax-Deferred Retirement Assets?'

26 Pages Posted: 14 Mar 2018 Last revised: 21 Jan 2020

See all articles by Mattia Landoni

Mattia Landoni

Southern Methodist University (SMU) - Finance Department

Stephen P. Zeldes

Columbia Business School - Finance and Economics; National Bureau of Economic Research (NBER)

Date Written: January 12, 2020

Abstract

This Internet Appendix contains supplementary materials for Landoni and Zeldes (2020). Section 1 contains certain derivations for our general equilibrium model. Section 2 examines how, in the partial equilibrium model in Section 2 of the paper, alternative arrangements regarding the deductibility of fees inuences the incidence of the higher fees that occur under Traditional. Section 3 provides additional background information on fees. Section 4 calibrates the size of the implicit government account and total fees paid on it for six additional countries, similar to what is done in Section 4 of the main text for the US.

Keywords: mutual fund fees, taxes, retirement savings

JEL Classification: D14, G11, G23, G28, G51, H21, J26, J32

Suggested Citation

Landoni, Mattia and Zeldes, Stephen P., Internet Appendix to 'Should the Government Be Paying Investment Fees on $3 Trillion of Tax-Deferred Retirement Assets?' (January 12, 2020). Available at SSRN: https://ssrn.com/abstract=3138303

Mattia Landoni (Contact Author)

Southern Methodist University (SMU) - Finance Department ( email )

United States

Stephen P. Zeldes

Columbia Business School - Finance and Economics ( email )

3022 Broadway
Uris 825, Dept. of Finance & Economics
New York, NY 10027
United States
212-854-2492 (Phone)
212-208-4699 (Fax)

HOME PAGE: http://www.columbia.edu/~spz1

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