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Working Paper

The Annuitization of Americans' Resources: A Cohort Analysis

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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.
11.01.1994ISSN 2573-7953 WP 94-13DOI 10.26509/frbc-wp-199413

Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.

Suggested Citation

Auerbach, Alan, Jagadeesh Gokhale, Laurence Kotlikoff, John Sabelhaus, and David Weil. 1994. “The Annuitization of Americans' Resources: A Cohort Analysis.” Federal Reserve Bank of Cleveland, Working Paper No. 94-13. https://doi.org/10.26509/frbc-wp-199413