Retirement Security in an Aging Population
By J. Poterba. 2014
225 citations recorded by the source corpus.
Elderly individuals exhibit wide disparities in their sources of income. For those in the bottom half of the income distribution, Social Security is the most important source of support; program changes would directly affect their well-being. Income from private pensions, assets, and earnings are relatively more important for higher-income elderly individuals, who have more diverse income sources. The trend from private sector defined benefit to defined contribution pension plans has shifted responsibility for retirement security to individuals. A significant subset of the population is unlikely to be able to sustain their standard of living in retirement without higher pre-retirement saving.
Subfields: Accounting, Demography, General Health Professions
View Paper: https://www.semanticscholar.org/paper/9b510bd89ef500d550717ac901c8621fb2410582
How researchers see this paper
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In Accounting
- Raj Chetty
- Dmitry Taubinsky
- K. Ericson
- Justin R. Sydnor
- Jonathan Zinman
- Alex Rees-Jones
- James Alm
- Andrea Weber
In Demography
In General Health Professions
Citations in the corpus
- Behavioral Economics and Public Policy: A Pragmatic Perspective (2015, background): “There is growing concern that many people may not be saving adequately for retirement (e.g., Poterba 2014), and policy makers have expressed interest in increasing household savings rates.”
- The Economic Importance of Financial Literacy: Theory and Evidence (2014, unknown): “Starting with Modigliani and Brumberg (1954) and Friedman (1957), the consumer is posited to arrange his optimal saving and decumulation patterns to smooth marginal utility over his lifetime.”