Journal ArticleDOI
The Role of Savings and Pension Systems in Maintaining Living Standards in Retirement.
James H. Schulz,Guy Carrin +1 more
TLDR
In this article, personal savings rates required to provide an average worker with adequate retirement funds are examined, and the influence of various definitions of adequacy, inflation, and economic growth on the magnitude of the retirement preparation task are examined.Abstract:
Over the years there has been a general recognition that serious economic problems have plagued and continue to plague the majority of aged persons in the U.S. and other countries. This article examines the personal savings rates required to provide an average worker with adequate retirement funds. The influence of (1) various definitions of adequacy, (2) inflation, and (3) economic growth on the magnitude of the retirement preparation task are examined. With this perspective, the current roles played by the social security system and private pensions are assessed.read more
Citations
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Journal ArticleDOI
Age, work, and income
TL;DR: In this article, the functions of old people in the late nineteenth and early twentieth century can be better understood within the framework of the family economy, and reciprocity among family members along the life course was essential for survival in old age.
Posted Content
Maintaining One's Living Standard at Old Age - What Does That Mean?: Evidence Using Panel Data from Germany
TL;DR: In this article, the authors employed a novel approach to assess an adequate replacement rate vis- a-vis income in the pre-retirement period, and obtained a required net replacement rate of about 87% for the year of entry into retirement as a rather robust result.
Journal ArticleDOI
Maintaining one's living standard at old age: What does that mean? Evidence using panel data from Germany
TL;DR: In this article, the authors employed a novel approach to assess an adequate replacement rate vis-a-vis income in the pre-retirement period, and obtained a required net replacement rate of about 87% for the year of entry into retirement as a rather robust result.
ReportDOI
Pension adequacy standards: an empirical estimation strategy and results for the United States and Germany
Christian Dudel,Julian Schmied +1 more
TL;DR: In this paper, an identification strategy for the estimation of pension adequacy standards is proposed, and a range of econometric techniques are applied to data from the U.S. and Germany to find that a net pension income of around 100% of the last net working life income, plus or minus 10 percentage points can be considered adequate.
Dissertation
Consumption During Retirement in Ghana: A Case Study of Pensioners in Accra
TL;DR: In this article, a list of FIGURES and TABLES is presented, along with a detailed description of the attributes of each of them and their relationships with other entities. ___________________________________________
References
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Journal ArticleDOI
Rates of Return on Investments in Common Stock: The Year-by-Year Record, 1926-65
Lawrence Fisher,James H. Lorie +1 more
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