that these broadly held resources substitute for savings, measures of wealth inequality that do not account for DB pensions …

-As-You-Go (PAYG) social security, and the mix ofPAYG and savings for retirement provision in a small open economy. It shows that … paper also provides acondition for partial displacement of savings by the PAYG, which is in line with vastempirical evidence. …

, affected American Life Panel respondents' Social Security expectations, savings behavior, and labor supply. The rich panel … statistically significant effects on retirement savings, although additional research is required for estimating heterogeneous …

little effect on savings rates. In many countries, however, retirement incentives in social security programs prevent … retirement ages from keeping pace with changes in life expectancy, leading to an increased need for life-cycle savings. Analyzing … a cross-country panel of macroeconomic data, we find that increased longevity raises aggregate savings rates in …