The Adequacy of Savings
The Adequacy of Savings
复制标题
储蓄的充足性
DOI：
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发表时间：
1981
期刊：
影响因子：
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通讯作者：
L. Summers
中科院分区：
文献类型：
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作者：
L. Kotlikoff;L. Summers
本文使用社会保障管理局的退休历史调查的新数据来检验储蓄的充足性。这一数据来源特别丰富;涵盖1969年、1971年和1953年的受访者调查数据与涵盖1951年以来的社会保障收入记录相匹配。除了关于终生收入途径的信息外，调查还包含关于个人资产持有量的广泛数据。证据表明，令人惊讶的是，很少有夫妇在老年时生活水平明显下降。这似乎在很大程度上要归功于我们的强制储蓄机构、社会保障和私人养老金制度。这些机构成功地重新分配了个人从青年到老年的一生消费。
This paper uses newly available data from the Social Security Administration's Retirement History Survey to examine the adequacy of saving. This data source is particularly rich; survey data for respondents covering the ydars 1969, 197 1( and 1953 have been matched with Social Security earnings records covering the years dating back to 1951. In addition to information on the path of lifetime earnhngs, the survey contains extensive data on individual asset holdings. The evidence indicates that surprisingly few couples currantly suffer significant reductions in their standard of living in their old age. This appears due, in large part, to our compulsory savings institutions, the Social Security and private pension systems. These institutions have succeeded in redistributing the lifetime consumption of private individuals from their youth to their old age.