| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10260 |
| 来源ID | Working Paper 10260 |
| Are Americans Saving \"Optimally\" for Retirement? | |
| John Karl Scholz; Ananth Seshadri; Surachai Khitatrakun | |
| 发表日期 | 2004-02-02 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | This paper examines the degree to which Americans are saving optimally for retirement. Our standard for assessing optimality comes from a life-cycle model that incorporates uncertain lifetimes, uninsurable earnings and medical expenses, progressive taxation, government transfers, and pension and social security benefit functions derived from rich household data. We solve every household''s decision problem from death to starting age and then use the decision rules in conjunction with earnings histories to make predictions about wealth in 1992. Ours is the first study to compare, household by household, wealth predictions that arise from a life-cycle model that incorporates earnings histories for a nationally representative sample. The results, based on data from the Health and Retirement Study, are striking we find that the model is capable of accounting for more than 80 percent of the 1992 cross-sectional variation in wealth. Fewer than 20 percent of households have less wealth than their optimal targets, and the wealth deficit of those who are undersaving is generally small. |
| 主题 | Public Economics ; Taxation ; Macroeconomics ; Consumption and Investment |
| URL | https://www.nber.org/papers/w10260 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/567889 |
| 推荐引用方式 GB/T 7714 | John Karl Scholz,Ananth Seshadri,Surachai Khitatrakun. Are Americans Saving \"Optimally\" for Retirement?. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10260.pdf（668KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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