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  • 1
    Unknown
    Washington, D.C : Brookings Institution Press
    Keywords: Old age pensions, Government policy, United States, Congresses. ; Old age pensions, United States, Congresses. ; Pension trusts, United States, Congresses. ; Retirement income, Government policy, United States, Congresses. ; Social security, United States, Congresses.
    Notes: The transition to hybrid pensions plans in the United States : an empirical analysis / Robert L. Clark and Sylvester J. Schieber -- What people don't know about their pensions and Social Security / Alan L. Gustman and Thomas L. Steinmeier -- Financial education and private pensions / Dean M. Maki -- Life-cycle saving, limits on contributions to DC pension plans, and lifetime tax benefits / Jagadeesh Gokhale, Laurence J. Kotlikoff, and Mark J. Warshawsky -- The effects of Social Security reform on private pensions / Andrew A. Samwick -- Pension choices with uncertain tax policy / Joel M. Dickson -- The design and cost of pension guarantees / Kent Smetters -- Effects of nondiscrimination rules on pension participation / Robert L. Clark, Janemarie Mulvey, and Sylvester J. Schieber -- Asset location for retirement savers / James M. Poterba, John B. Shoven, and Clemens Sialm -- Longevity-insured retirement distributions from pension plans : market and regulatory issues / Jeffrey R. Brown and Mark J. Warshawsky
    Pages: viii, 406 p.
    ISBN: 0-8157-9642-0
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  • 2
    Electronic Resource
    Electronic Resource
    Oxford, UK : Blackwell Publishing Ltd.
    Review of income and wealth 51 (2005), S. 0 
    ISSN: 1475-4991
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This paper examines the relation between fluctuations in the aggregate value of equities and the adequacy of households’ saving for retirement. Using more recent data than most studies on this topic, we find that many and perhaps most households appear to be saving adequate amounts for retirement, and that there is almost no link between aggregate equity values and the adequacy of retirement saving. A simulated 40 percent decline in stocks has little effect on the adequacy of saving. The substantial growth in equity values and ownership in the 1980s and 1990s did not lead to a surge in the adequacy of retirement saving provisions. The results occur because equity holdings are concentrated among households with significant amounts of other wealth.
    Type of Medium: Electronic Resource
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  • 3
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Economists' voice 3.2005, 1, art4 
    ISSN: 1553-3832
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: The President's Advisory Panel on Federal Tax Reform has submitted an important set of proposed structural changes that would generally move the tax system in the right direction. However, at the tax rates the Panel proposes, the plans will not bring in the revenue the U.S. needs.
    Type of Medium: Electronic Resource
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  • 4
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Economists' voice 1.2004, 2, art6 
    ISSN: 1553-3832
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: Under reasonable projections, the unified budget deficits over the next decade will average 3.5 percent of GDP. Compared to a balanced budget, the unified budget deficits will reduce annual national income a decade hence by 1 to 2 percent (or roughly $1,500 to $3,000 per household per year, on average), and raise average long-term interest rates over the next decade by 80 to 120 basis points. Looking out beyond the next decade, the budget outlook grows steadily worse. Over the next 75 years, if the tax cuts are made permanent, this nation's fiscal gap amounts to about 7 percent of GDP. The main drivers of this long-term fiscal gap are, in order, the spending growth associated with Medicare and Medicaid, the revenue losses from the 2001 and 2003 tax cuts, and increases in Social Security costs. The nation has never before experienced such large long-term fiscal imbalances. They will gradually impair economic performance and living standards, and carry with them the risk of a severe fiscal crisis.
    Type of Medium: Electronic Resource
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