National saving rates differ enormously across developed countries. But these differences obscure a common trend … less than 7 percent in 2006. Japan saved 30 percent in 1970, but only 8 percent in 2006. And the U.S. saved 9 percent in …

This article examines how the availability of annuities affects savings and inequality in economies in which neither … CBS utility function indicate that perfecting annuity insurance can significantly reduce national savings. Indeed, the … savings …

"hump" savings. A major difference between this study and previous investigations of this issue is the use of more accurate … savings. This paper suggests the importance of and need for substantially greater research and data collection on … intergenerational transfers. fife-cycle models of savings that emphasize savings for retirement as the dominant form of apical …

, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period … is aging rapidly, its saving behavior, growth rate, and fiscal policies are very different from those of developed … prospects. And, rather than seeing the real wage per unit of human capital fall, the West and Japan see it rise by one fifth by …

are likely to have significant effects on rates of saving and taxation in both the U.S. and Canada. However, the more … more severe predicted long term decline in Canadian saving rates. Despite the predicted lower saving rates, capital …

default investment choices in defined-contribution pension plans, such as stable value funds, balanced funds, and life …-cycle (or target date) funds. We find that life-cycle funds designed to match the risk tolerance and investment horizon of …

This paper focuses on U.S. saving, demographics, and fiscal policy. We use data from the Consumer Expenditure Surveys … of the 1980s to consider the effect of demographic change on past and future U.S. saving rates. Our findings indicate … that demographic change may significantly alter the U.S. rate of national saving and current account position over the next …

) total net marginal tax rates on saving, and d) the tax-arbitrage opportunities available from contributing to retirement … very strong reasons to limit their labor supply and saving. Third, the system offers very high-income young and middle aged … accounts. Fourth, the patterns by age and income of marginal net tax rates on earnings, marginal net tax rates on saving, and …

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

determines the amounts of saving and life insurance needed to achieve these targets. The economic approach is based on the life …-cycle model of saving. Its goal is to smooth households' living standards over their life cycles and to ensure comparable living … households experiencing changing demographics or facing borrowing constraints. This paper illustrates the different saving and …