Are Households Saving Adequately for Retirement? A Progress Report on Three Projects

TitleAre Households Saving Adequately for Retirement? A Progress Report on Three Projects
Publication TypeReport
Year of Publication2001
AuthorsEngen, EM, Gale, WG, Uccello, CE
InstitutionCRR Conference Paper, Center for Retirement Research at Boston College
Call Numberwp_2001/Engen-Gale-Uccello.pdf
KeywordsConsumption and Savings
Abstract

This paper summarizes the current status of three research projects on the adequacy of households saving for retirement. The first examines how changes in the latter half of the 1990s, in particular the stock market boom, have affected the extent to which households are preparing adequately for saving. The second explores the implications of allowing for variable leisure and endogenous retirement in developing a simulation model that is used to generate benchmark values of adequate wealth accumulation. The third investigates how data on lifetime earnings can be used to improve estimates of how well households are actually preparing for retirement and to show biases that occur when using data on current earnings.

Notes

RDA 1998-006

URLhttp://www.bc.edu/centers/crr/public_con.shtml
Endnote Keywords

Retirement Saving

Endnote ID

14172

Citation Key5480