Coverart for item
The Resource Essays on saving, bequests, altruism, and life-cycle planning, Laurence J. Kotlikoff

Essays on saving, bequests, altruism, and life-cycle planning, Laurence J. Kotlikoff

Label
Essays on saving, bequests, altruism, and life-cycle planning
Title
Essays on saving, bequests, altruism, and life-cycle planning
Statement of responsibility
Laurence J. Kotlikoff
Creator
Author
Subject
Genre
Language
eng
Summary
This collection of essays, coauthored with other distinguished economists, offers new perspectives on saving, intergenerational economic ties, retirement planning, and the distribution of wealth. The book links life-cycle microeconomic behavior to important macroeconomic outcomes, including the roughly 50 percent postwar decline in America's rate of saving and its increasing wealth inequality. The book traces these outcomes to the government's five-decade-long policy of transferring, in the form of annuities, ever larger sums from young savers to old spenders. The book presents new theoretical and empirical analyses of altruism that rule out the possibility that private intergenerational transfers have offset those by the government.While rational life-cycle behavior can explain broad economic outcomes, the book also shows that a significant minority of households fail to make coherent life-cycle saving and insurance decisions. These mistakes are compounded by reliance on conventional financial planning tools, which the book compares with Economic Security Planner (ESPlanner), a new life-cycle financial planning software program. The application of ESPlanner to U.S. data indicates that most Americans approaching retirement age are saving at much lower rates than they should be, given potential major cuts in Social Security benefits
Member of
Cataloging source
MITPR
http://library.link/vocab/creatorName
Kotlikoff, Laurence J
Dewey number
339.4/3
Index
no index present
LC call number
HC110.S3
LC item number
K67 2001eb
Literary form
non fiction
Nature of contents
dictionaries
Series statement
The MIT Press Ser
http://library.link/vocab/subjectName
  • Saving and investment
  • Retirement
  • Income distribution
  • Altruism
  • Altruism
  • Income distribution
  • Retirement
  • Saving and investment
  • United States
Label
Essays on saving, bequests, altruism, and life-cycle planning, Laurence J. Kotlikoff
Instantiates
Publication
Note
"The MIT Press"
Antecedent source
unknown
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
1062629231
Dimensions
unknown
Extent
1 online resource (256 pages)
File format
unknown
Form of item
online
Isbn
9780262277525
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
http://library.link/vocab/ext/overdrive/overdriveId
  • 2829
  • 9780262277525
Quality assurance targets
unknown
Reformatting quality
unknown
Specific material designation
remote
System control number
(OCoLC)1062629231
Label
Essays on saving, bequests, altruism, and life-cycle planning, Laurence J. Kotlikoff
Publication
Note
"The MIT Press"
Antecedent source
unknown
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
1062629231
Dimensions
unknown
Extent
1 online resource (256 pages)
File format
unknown
Form of item
online
Isbn
9780262277525
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
http://library.link/vocab/ext/overdrive/overdriveId
  • 2829
  • 9780262277525
Quality assurance targets
unknown
Reformatting quality
unknown
Specific material designation
remote
System control number
(OCoLC)1062629231

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      38.710138 -90.311107
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