Are Americans Saving 'Optimally' for Retirement?

By John Karl Scholz, Ananth Seshadri, Surachai Khitatrakun. 2006

175 citations recorded by the source corpus.

Subfields: Accounting, Demography, General Health Professions

View Paper: https://www.semanticscholar.org/paper/f2c7275aa0378cf91d03585a2fd32b2cb4b82aab

Citations in the corpus

• Misunderstanding Savings Growth: Implications for Retirement Savings Behavior (2011, unknown): “While some researchers have argued that U.S. households are saving enough to reach their optimal wealth targets (Scholz, Seshadri, and Khitatrakun 2006; cf. Munnell, Webb, and Delorme 2006; Munnell, Webb, and Golub-Sass 2007), if the goal is for people to save according to their own preferences,…”
• Household Saving Behavior: The Role of Financial Literacy, Information, and Financial Education Programs (2008, unknown): “See Choi et al. (2004) for a discussion of these findings.”
• Why Do the Elderly Save? The Role of Medical Expenses (2009, unknown): “Scholz et al. (2006) find that a life cycle model, augmented with realistic income and medical expense uncertainty, does a good job of”
• Housing and Debt Over the Life Cycle and Over the Business Cycle (2011, unknown): “Scholz, Seshadri, and Khitatrakun (2006) specify and estimate a model of household log labor earnings that controls for xed e¤ects, a polynomial in age, and autocorrelation in earnings.”
• The Retirement of a Consumption Puzzle (2008, unknown): “In a recent seminal paper, Scholz et al. (2006) run individual earnings, demographic and health trajectories (for an actual household) through a calibrated lifecycle consumption model (with idiosyncratic income and health shocks).”
• Financial Literacy, Retirement Planning and Household Wealth† (2012, unknown): “1 Using data from the Health and Retirement Study, Scholz et al. (2006), however, find that the over-whelming majority of US households do not (cid:2) undersave (cid”
• Retirement and Consumption in a Life Cycle Model (2008, unknown): “Others argue that the evidence is consistent with adequate retirement savings and that policies intended to encourage greater savings are likely to be ineffective and costly (Lazear 1994; Engen, Gale, and Scholz 1996; Engen, Gale, and Uccello 1999; Scholz, Seshadri, and Khitatrakun 2006).”
• What will my account really be worth? Experimental evidence on how retirement income projections affect saving (2014, unknown): “Economists debate the extent to which Americans save too little, too much, or just the right amount for retirement (Scholz et al. 2006; Ameriks et al. 2007; De Nardi et al. 2010; Lusardi and Mitchell 2011).”