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Title: Life Cycle Savings in the United States, 1900-1990

Citation Type: Working Paper

Publication Year: 1998

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Abstract: This paper estimates the proportion of savings that represents accumulation for retirement in the United States over the last century. For this purpose, I compute a counterfactual life cycle savings-income ratio for 1900-1990 that would have resulted if the savings for retirement were the only motive for wealth accumulation. The proportion of private savings that represents life cycle wealth accumulation increased over time, particularly after 1940. I argue that about half of the wealth stock in the U.S. resulted from life cycle savings.

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Authors: Lee, Chulhee

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Institution: University of Chicago

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Publisher Location: Chicago, IL

Data Collections: IPUMS USA

Topics: Aging and Retirement, Other

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