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Macroeconomic dimensions of social economics: Saving, the stock market, and pension systems

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Listed author(s):
  • Martha A. Starr

    ()

    (Department of Economics, American University)

Abstract

Saving, investment, and pensions are avenues by which households build up claims to future income and consumption. Such claims are important in a number of respects: they broaden people’s options, reduce their insecurities about material living standards, and enhance their ability to live with dignity in old age. As such, understanding the multiplicity of factors that shape how people save, invest and acquire pension rights is important for understanding their access to well-being and the ways in which social arrangements improve or undercut that access. This paper reviews social-economics perspectives on these macroeconomic issues, highlighting contributions of existing research and identifying fruitful directions for future work.

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File URL: http://w.american.edu/cas/economics/repec/amu/workingpapers/2006-09.pdf
File Function: First version, 2006
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Paper provided by American University, Department of Economics in its series Working Papers with number 2006-09.

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Length: 20 pages
Date of creation: May 2006
Handle: RePEc:amu:wpaper:0906
Contact details of provider: Web page: http://www.american.edu/cas/economics/

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