The increasing annuitization of the elderly - estimates and implications for intergenerational transfers, inequality, and national saving:
This paper examines changes over time in the degree to which the resources (human plus nonhuman wealth) of the elderly have been annuitized. Using data from the 1962 and 1983 Federal Reserve Surveys of Consumer Finances we find evidence of an increase in annuitization which is particularly pronounce...
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| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
NBER
1992
|
| Series: | Working paper series / National Bureau of Economic Research
4182 |
| Summary: | This paper examines changes over time in the degree to which the resources (human plus nonhuman wealth) of the elderly have been annuitized. Using data from the 1962 and 1983 Federal Reserve Surveys of Consumer Finances we find evidence of an increase in annuitization which is particularly pronounced among the older elderly (those over 75) and among women. The estimated 1983 flow of aggregate bequests to children and grandchildren would have been 20% larger were it not for this increase in annuitization. The change in annuitization may have contributed significantly to the recent decline of the U.S. national saving rate. |
| Physical Description: | 37 S. graph. Darst. |
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| 520 | |a This paper examines changes over time in the degree to which the resources (human plus nonhuman wealth) of the elderly have been annuitized. Using data from the 1962 and 1983 Federal Reserve Surveys of Consumer Finances we find evidence of an increase in annuitization which is particularly pronounced among the older elderly (those over 75) and among women. The estimated 1983 flow of aggregate bequests to children and grandchildren would have been 20% larger were it not for this increase in annuitization. The change in annuitization may have contributed significantly to the recent decline of the U.S. national saving rate. | ||
| 700 | 1 | |a Kotlikoff, Laurence J. |d 1951- |e Verfasser |0 (DE-588)128845007 |4 aut | |
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| index_date | 2024-07-02T22:41:25Z |
| indexdate | 2024-07-09T21:25:06Z |
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| spelling | Auerbach, Alan J. 1951- Verfasser (DE-588)124566537 aut The increasing annuitization of the elderly - estimates and implications for intergenerational transfers, inequality, and national saving Alan J. Auerbach ; Laurence J. Kotlikoff ; David N. Weil Cambridge, Mass. NBER 1992 37 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 4182 This paper examines changes over time in the degree to which the resources (human plus nonhuman wealth) of the elderly have been annuitized. Using data from the 1962 and 1983 Federal Reserve Surveys of Consumer Finances we find evidence of an increase in annuitization which is particularly pronounced among the older elderly (those over 75) and among women. The estimated 1983 flow of aggregate bequests to children and grandchildren would have been 20% larger were it not for this increase in annuitization. The change in annuitization may have contributed significantly to the recent decline of the U.S. national saving rate. Kotlikoff, Laurence J. 1951- Verfasser (DE-588)128845007 aut Weil, David N. Verfasser (DE-588)124790429 aut National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 4182 (DE-604)BV002801238 4182 |
| spellingShingle | Auerbach, Alan J. 1951- Kotlikoff, Laurence J. 1951- Weil, David N. The increasing annuitization of the elderly - estimates and implications for intergenerational transfers, inequality, and national saving |
| title | The increasing annuitization of the elderly - estimates and implications for intergenerational transfers, inequality, and national saving |
| title_auth | The increasing annuitization of the elderly - estimates and implications for intergenerational transfers, inequality, and national saving |
| title_exact_search | The increasing annuitization of the elderly - estimates and implications for intergenerational transfers, inequality, and national saving |
| title_exact_search_txtP | The increasing annuitization of the elderly - estimates and implications for intergenerational transfers, inequality, and national saving |
| title_full | The increasing annuitization of the elderly - estimates and implications for intergenerational transfers, inequality, and national saving Alan J. Auerbach ; Laurence J. Kotlikoff ; David N. Weil |
| title_fullStr | The increasing annuitization of the elderly - estimates and implications for intergenerational transfers, inequality, and national saving Alan J. Auerbach ; Laurence J. Kotlikoff ; David N. Weil |
| title_full_unstemmed | The increasing annuitization of the elderly - estimates and implications for intergenerational transfers, inequality, and national saving Alan J. Auerbach ; Laurence J. Kotlikoff ; David N. Weil |
| title_short | The increasing annuitization of the elderly - estimates and implications for intergenerational transfers, inequality, and national saving |
| title_sort | the increasing annuitization of the elderly estimates and implications for intergenerational transfers inequality and national saving |
| volume_link | (DE-604)BV002801238 |
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