The annuitization of Americans' resources: a cohort analysis

Alan Auerbach, Jagadeesh Gokhale, Laurence J. Kotlikoff (), John Sabelhaus and David N. Weil ()

No 9413, Working Paper from Federal Reserve Bank of Cleveland

Abstract: An analysis of the changes since 1960 in the share of Americans' resources that are annuitized, which has declined slightly for younger Americans but has risen dramatically for the elderly, with important implications for the national saving rate and income inequality.

Keywords: Saving; and; investment (search for similar items in EconPapers)
Date: 1994
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Working Paper: The Annuitization of Americans' Resources: A Cohort Analysis (1995)
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