Search Results
Working Paper
The annuitization of Americans' resources: a cohort analysis
An analysis of the changes since 1960 in the share of Americans' resources that are annuitized, which has declined slightly for younger Americans but has risen dramatically for the elderly, with important implications for the national saving rate and income inequality.
Working Paper
Saving and growth: a reinterpretation
Working Paper
Saving and growth with habit formation
Conference Paper
Demographic shocks: the view from history: discussion
Massimo Livi-Bacci has taken us on a fascinating tour of demographic history. What lessons for developments in the world today can we draw from the story he tells? I will distinguish between three types of lessons, which I call "economic lessons," "demographic lessons," and "cultural/political lessons."