LAUSR

This paper compares the design, cost and effectiveness of three voluntary approaches for increasing pension coverage. The first facilitates plan features designed to attract workers. The second provides tax and other financial incentives. The third mandates autoenrollment of workers with opt out. The non-tax incentives of plan features in the United States have had little effect on increasing coverage. Generous tax incentives in Germany and Czechia have raised coverage but are costly. Mandatory autoenrollment with opt out in the United Kingdom has achieved the highest coverage rate of the three approaches.