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The Adequacy of Household Saving

Author Info

Listed author(s):
  • Engen, Eric
  • Gale, William
  • Uccello, Cori

Abstract

DURING THE PAST half century, retirement income security in the United States has been based on a combination of social security, employer sponsored pensions, and households’ own saving. Social security was intended to provide a retirement income base. Pensions generated additional retirement income. Households’ own saving supplemented these sources. In many ways this combination has served retirees well, but recent and impending developments have raised concerns about the adequacy of households’ preparations for retirement.

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File URL: https://mpra.ub.uni-muenchen.de/56442/1/1999b_bpea_engen.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 56442.

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Length:
Date of creation: 1999
Publication status: Published in Brookings Papers on Economic Activity 2.1999(1999): pp. 65-187
Handle: RePEc:pra:mprapa:56442
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Web page: https://mpra.ub.uni-muenchen.de

More information through EDIRC

Keywords: saving; retirement; social security; pension;

Find related papers by JEL classification:

  • D1 - Microeconomics - - Household Behavior
  • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
  • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household

References listed on IDEAS
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  1. Gary S. Becker & Casey B. Mulligan, 1997. "The Endogenous Determination of Time Preference," The Quarterly Journal of Economics, Oxford University Press, vol. 112(3), pages 729-758.
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  11. Jerry A. Hausman, 1979. "Individual Discount Rates and the Purchase and Utilization of Energy-Using Durables," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 33-54, Spring.
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  13. Lawrance, Emily C, 1991. "Poverty and the Rate of Time Preference: Evidence from Panel Data," Journal of Political Economy, University of Chicago Press, vol. 99(1), pages 54-77, February.
  14. Deaton, Angus, 1992. "Understanding Consumption," OUP Catalogue, Oxford University Press, number 9780198288244, April.
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  16. Hassett, Kevin A. & Metcalf, Gilbert E., 1995. "Energy tax credits and residential conservation investment: Evidence from panel data," Journal of Public Economics, Elsevier, vol. 57(2), pages 201-217, June.
  17. Olson, Mancur & Bailey, Martin J, 1981. "Positive Time Preference," Journal of Political Economy, University of Chicago Press, vol. 89(1), pages 1-25, February.
  18. Narayana R. Kocherlakota, 1996. "The Equity Premium: It's Still a Puzzle," Journal of Economic Literature, American Economic Association, vol. 34(1), pages 42-71, March.
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