appears due, in large part, to our compulsory savings institutions, the Social Security and private pension systems. These …

limits bind those older middle-income households who started their pension savings programs late in life, those who plan to …

expenditures could explain a large amount of aggregate savings. Adding uncertain health expenditures to the model's economy raises … long run savings by almost one third, assuming individuals self insure. Arrangements for insuring uncertain health … expenditures also have potentially quite sizable effects on savings. Introducing actuarially fair insurance to the economy with …

transfers for U.S. savings. Modigliani's paper is the latest salvo in a long running debate over the importance of … intergenerational transfers in explaining savings behavior. While Modigliani corrects an algebraic error of minor consequences in our …

savings has primarily focused on the impact of particular policy variables on savings. In this paper we examine Barro …

This paper discusses recent neoclassical analyses of taxation and savings.Contrary to the popular view that fiscal … policy has highly ambiguous impacts on savings, neoclassical models admit a host of policies with clear and potentially quite … quantitative affect on savings.The essential elements of these policies involve inter- and intragenerational redistribution …

This article examines how the availability of annuities affects savings and inequality in economies in which neither … private nor public pensions initially exist. The absence of widespread market or government annuity insurance is clearly … CBS utility function indicate that perfecting annuity insurance can significantly reduce national savings. Indeed, the …