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Annuity Markets, Savings, and the Capital Stock

Kotlikoff, Laurence J. - 1983

This article examines how the availability of annuities affects savings and inequality in economies in which neither … CBS utility function indicate that perfecting annuity insurance can significantly reduce national savings. Indeed, the … savings …

Persistent link: https://www.econbiz.de/10012477847

Investment versus Savings Incentives : The Size of the Bang for the Buck and the Potential for Self-Financing Business Tax Cuts

Auerbach, Alan J. - 1982

newly produced capital differently from old capital. Policies that do make this distinction are denoted investment policies …, while those that do not are labelled savings policies. While both types of policies alter marginal incentives to accumulate … new capital, investment incentives can generate significant inframarginal redistribution from current holders of wealth to …

Persistent link: https://www.econbiz.de/10012478078

The Role of Intergenerational Transfers in Aggregate Capital Accumulation

Kotlikoff, Laurence J. - 1980

"hump" savings. A major difference between this study and previous investigations of this issue is the use of more accurate … savings. This paper suggests the importance of and need for substantially greater research and data collection on … intergenerational transfers. fife-cycle models of savings that emphasize savings for retirement as the dominant form of apical …

Persistent link: https://www.econbiz.de/10012478700

Life-Cycle Saving, Limits on Contributions to DC Pension Plans, and Lifetime Tax Benefits

Gokhale, Jagadeesh - 2001

limits bind those older middle-income households who started their pension savings programs late in life, those who plan to …

Persistent link: https://www.econbiz.de/10012470556

Comparing the Economic and Conventional Approaches to Financial Planning

Gokhale, Jagadeesh - 1999

The conventional approach to retirement and life insurance planning, which is used throughout the financial planning industry, differs markedly from the economic approach. The conventional approach asks households to specify how much they want to spend before retirement, after retirement, and in...

Persistent link: https://www.econbiz.de/10012471463

Understanding the Postwar Decline in U.S. Saving : A Cohort Analysis

Gokhale, Jagadeesh - 1996

Since 1980, the U.S. net national saving rate has averaged less than half the rate observed in the 1950s and 60s. This paper develops a unique cohort data set to study the decline in U.S. national saving. It decomposes postwar changes in U.S. saving into those due to changes in cohort-specific...

Persistent link: https://www.econbiz.de/10012473277

The Increasing Annuitization of the Elderly- Estimates and Implications for Intergenerational Tranfers, Inequality, and National Saving

Auerbach, Alan J. - 1992

This paper examines changes over time in the degree to which the resources (human plus nonhuman wealth) of the elderly have been annuitized. Using data from the 1962 and 1983 Federal Reserve Surveys of Consumer Finances we find evidence of an increase in annuitization which is particularly...

Persistent link: https://www.econbiz.de/10012474785

Tax Aspects of Policy Towards Aging Populations : Canada and the United States

Auerbach, Alan J. - 1990

In comparing Canada with the U.S., we first simulate the U.S. demographic transition, treating the U.S. as a closed economy. The time path of interest rates obtained from the U.S. simulations are then used in the Canadian simulations. In the Canada simulations, Canada is assumed to be an open...

Persistent link: https://www.econbiz.de/10012475628

U.S. Demographics and Saving : Predictions of Three Saving Models

Auerbach, Alan J. - 1990

This paper compares the predictions of three different saving models with respect to the impact of projected U.S. demographic change on future U.S. saving rates. The three models are the life cycle model, the infinite horizon altruism model, and a reduced form econometric model. The findings for...

Persistent link: https://www.econbiz.de/10012475629

Demographics, Fiscal Policy, and U.S. Saving in the 1980s and Beyond

Auerbach, Alan J. - 1989

This paper focuses on U.S. saving, demographics, and fiscal policy. We use data from the Consumer Expenditure Surveys of the 1980s to consider the effect of demographic change on past and future U.S. saving rates. Our findings indicate that demographic change may significantly alter the U.S....

Persistent link: https://www.econbiz.de/10012475893