Assessing the Maintenance of Savings Sufficiency Over the First Decade of Retirement
The adequacy of retirement savings is central to the U.S. debate over the effects of Social Security reform and pension changes that would place greater responsibility on individuals for accumulation of retirement resources. We contribute to this discussion by examining the extent to which individuals maintain initial levels of resources over the first decade of retirement. We compare annuitized wealth, including Social Security and pension wealth, to two consumption standards— a household’s preretirement earnings and the poverty threshold. We analyze the relationship of individual characteristics to changes in this ratio over time, including the effects of widowhood and post-retirement work.
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- Gustman, Alan L. & Steinmeier, Thomas L., 1999.
"Effects of pensions on savings: analysis with data from the health and retirement study,"
Carnegie-Rochester Conference Series on Public Policy,
Elsevier, vol. 50(1), pages 271-324, June.
- Alan L. Gustman & Thomas L. Steinmeier, 1998. "Effects of Pensions on Saving: Analysis with Data from the Health and Retirement Study," NBER Working Papers 6681, National Bureau of Economic Research, Inc.
- B. Douglas Bernheim & Jonathan Skinner & Steven Weinberg, 1997.
"What Accounts for the Variation in Retirement Wealth Among U.S. Households?,"
NBER Working Papers
6227, National Bureau of Economic Research, Inc.
- B. Douglas Bernheim & Jonathan Skinner & Steven Weinberg, 2001. "What Accounts for the Variation in Retirement Wealth among U.S. Households?," American Economic Review, American Economic Association, vol. 91(4), pages 832-857, September.
- B. Douglas Bernheim & Jonathan Skinner & Steven Weinberg, 1997. "What Accounts for the Variation in Retirement Wealth Among U.S. Households?," Working Papers 97035, Stanford University, Department of Economics.
- Olivia S. Mitchell & James Moore & John Phillips, "undated". "Explaining Retirement Saving Shortfalls," Pension Research Council Working Papers 98-13, Wharton School Pension Research Council, University of Pennsylvania.
- Engen, Eric & Gale, William & Uccello, Cori, 1999. "The Adequacy of Household Saving," MPRA Paper 56442, University Library of Munich, Germany.
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