Alternative measures of saving are developed and compared to the traditional NIPA estimates. Various data sources and estimation methodologies all conclude that adjustments for net saving in durables, government capital, capital gains and losses, and revaluations are substantial. For example,...

Alternative measures of saving are developed and compared to the traditional NIPA estimates. Various data sources and estimation methodologies all conclude that adjustments for net saving in durables, government capital, capital gains and losses, and revaluations are substantial. For example,...

This paper compares the well-being of the Retirement History Survey of the elderly with their own previous levels of income and economic welfare. Traditional replacement rates are calculated, although a number of shortcomings of such measures are discussed. Modifications are made by examining...

This paper compares the well-being of the Retirement History Survey of the elderly with their own previous levels of income and economic welfare. Traditional replacement rates are calculated, although a number of shortcomings of such measures are discussed. Modifications are made by examining...