The retirement wealth of the baby boom generation

• 成果类型: Article; Proceedings Paper
• 署名作者: Wolff, Edward N.
• 署名单位: New York University
• 刊物名称: JOURNAL OF MONETARY ECONOMICS
• ISSN/ISSBN: 0304-3932
• DOI: 10.1016/j.jmoneco.2006.12.009
• 发表日期: 2007
• 页码: 1-40
• 关键词: baby boomers; WEALTH; pensions; Social Security; RACE

摘要

The paper compares the well-being of the baby boom generation (ages 40-55) in 2001 with the same age group in 1983. I find little evidence that their relative position deteriorated over the period. By some indicators, this generation has seen an improvement. In terms of income, the 40-55 age group was at about the same relative position in 2001 as in 1983. In terms of conventional wealth, there was some slippage over the period. In terms of mean augmented wealth (net worth plus pension and Social Security wealth), their relative position improved somewhat but in terms of median augmented wealth there was again some slippage. (C) 2007 Elsevier B.V. All rights reserved.