Is the current mix of tax preferences for employer-sponsored pensions and individual retirement saving in the U ….S. delivering the best possible retirement-preparedness across and within generations? Using data from the triennial Survey of … Consumer Finances for 1989 through 2013, cohort-based analysis of life-cycle trajectories shows that (1) overall retirement …

prices during the 1990s led older workers to retire earlier than they had previously planned. We identify the effect by … exploiting unique data on retirement expectations from the Health and Retirement Survey. Our econometric results suggest that …

Although households have invested billions in 401(k) accounts, these balances may not be new saving if workers invest …

given rise to a broad policy discussion of the adequacy of household retirement wealth. We construct a uniquely … consumption throughout retirement, taking as given expected lifetimes and current Social Security benefits. We find a median …