Retirement Savings

  • Sherman D. Hanna
  • Samuel Cheng-Chung Chen

Abstract

The topic of retirement savings can be considered from a prescriptive (normative) approach, for which the primary question is how much should a household accumulate for retirement. The topic can also be considered from a descriptive (positive) approach, for which the most important question is whether households are saving enough for retirement. Because analyses using the descriptive approach depend on assumptions about whether households are saving enough for retirement, the two approaches are related. In this chapter we review concepts and literature related to both approaches. We conclude with a discussion of whether households in the United States are saving enough for retirement.

Keywords

Social Security Pension Plan Retirement Plan Life Cycle Model Retirement Income 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media, LLC 2008

Authors and Affiliations

  • Sherman D. Hanna
    • 1
  • Samuel Cheng-Chung Chen
  1. 1.Department of Consumer ScienceThe Ohio State UniversityColumbusUSA

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