Engen, Eric M.; Gale, William G.; Uccello, Cori E. - In: Review of Income and Wealth 51 (2005) 3, pp. 397-418
This paper examines the relation between fluctuations in the aggregate value of equities and the adequacy of households' saving for retirement. Using more recent data than most studies on this topic, we find that many and perhaps most households appear to be saving adequate amounts for...