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
Date Written: January 12, 2020
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: Suggested Citation