A COMMENT ON CALCULATING WEALTH FROM INCOME FLOWS

Peter Kooreman

Review of Income and Wealth, 1991, vol. 37, issue 4, 453-454

Abstract: In a recent article in this Review and previous work, Wolff calculates household wealth embodied in (current and/or future) pension and social security benefits. The valuation in intended to be based on expected discounted income flows. However, the formulae Wolff uses are not the correct ones.

Date: 1991
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