Farm Value and Retirement of Farm Owners in Early-Twentieth-Century America
This paper estimates the proportion of savings that represents accumulation for retirement in the United States over the last century. For this purpose, I compute a counterfactual life cycle savings-income ratio for 1900-1990 that would have resulted if the savings for retirement were the only motive for wealth accumulation. the proportion of private savings that represents life-cycle wealth accumulation increased over time, particularly after 1940. I argue that about half of the wealth stock in the U.S. resulted from life cycle savings.
(This abstract was borrowed from another version of this item.)
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dora L. Costa, 1994.
"Agricultural Decline and the Secular Rise in Male Retirement Rates,"
NBER Historical Working Papers
0055, National Bureau of Economic Research, Inc.
- Costa Dora L., 1995. "Agricultural Decline and the Secular Rise in Male Retirement Rates," Explorations in Economic History, Elsevier, vol. 32(4), pages 540-552, October.
- Ransom, Roger L. & Sutch, Richard, 1989. "The Trend in the Rate of Labor Force Participation of Older Men, 1870–1930: A Reply to Moen," The Journal of Economic History, Cambridge University Press, vol. 49(01), pages 170-183, March.
- Robert William Fogel, 1993. "New Sources and New Techniques for the Study of Secular Trends in Nutritional Status, Health, Mortality, and the Process of Aging," NBER Historical Working Papers 0026, National Bureau of Economic Research, Inc.
- Robert A. Margo, 1991.
"The Labor Force Participation of Older Americans in 1900: Further Results,"
NBER Historical Working Papers
0027, National Bureau of Economic Research, Inc.
- Margo Robert A., 1993. "The Labor Force Participation of Older Americans in 1900: Further Results," Explorations in Economic History, Elsevier, vol. 30(4), pages 409-423, October.
- Donghyu Yang, 1992. "Farm Tenancy in the Antebellum North," NBER Chapters, in: Strategic Factors in Nineteenth Century American Economic History: A Volume to Honor Robert W. Fogel, pages 135-156 National Bureau of Economic Research, Inc.
- Carter, Susan B. & Sutch, Richard, 1996. "Myth of the Industrial Scrap Heap: A Revisionist View of Turn-of-the-Century American Retirement," The Journal of Economic History, Cambridge University Press, vol. 56(01), pages 5-38, March.
- Michael Haines, 1977. "Mortality in nineteenth century america: Estimates from New York and Pennsylvania census data, 1865 and 1900," Demography, Springer, vol. 14(3), pages 311-331, August.
- Lee, Chulhee, 1998. "Long-Term Unemployment and Retirement in Early-Twentieth-Century America," The Journal of Economic History, Cambridge University Press, vol. 58(03), pages 844-856, September.
- Ransom, Roger L. & Sutch, Richard, 1986. "The Labor of Older Americans: Retirement of Men On and Off the Job, 1870–1937," The Journal of Economic History, Cambridge University Press, vol. 46(01), pages 1-30, March.
- Costa, Dora L, 1995. "Pensions and Retirement: Evidence from Union Army Veterans," The Quarterly Journal of Economics, MIT Press, vol. 110(2), pages 297-319, May.
- Hurd, Michael D, 1990. "Research on the Elderly: Economic Status, Retirement, and Consumption and Saving," Journal of Economic Literature, American Economic Association, vol. 28(2), pages 565-637, June.
When requesting a correction, please mention this item's handle: RePEc:eee:exehis:v:36:y:1999:i:4:p:387-408. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.