The Adequacy of Retirement Saving

macroeconomics, saving, retirement

The Effects of Tax-Based Saving Incentives On Saving and Wealth

This paper evaluates research examining the effects of tax-based saving incentives on private and national saving. Several" factors make this an unusually difficult problem. First, households that participate in, or are eligible for, saving incentive plans have systematically stronger tastes for saving than other households. Second, the data indicate that households with saving incentives have taken on more debt than other households. Third, significant changes in the 1980s in financial markets, pensions, social security, and nonfinancial assets interacted with the expansion of saving incentives. Fourth, saving incentive accounts represent pre-tax balances, whereas conventional taxable accounts represent post-tax balances. Fifth, the fact that employer contributions to saving incentive plans are a part of total employee compensation is typically ignored. A major theme of this paper is that analyses that ignore these issues overstate the impact of saving incentives on saving. We show that accounting for these factors largely or completely eliminates the estimated positive impact of saving incentives on saving found in the literature. Thus, we conclude that little if any of the overall contributions to existing saving incentives have raised private or national saving. *Portions of this article were published in the JEP, 1996, under title of "The Illusory Effects of Saving Incentives on Saving."

CONCENTRATION ISSUES IN THE U.S. BEEF SUBSECTOR

Industrial Organization, Livestock Production/Industries,

Properties of the phi meson at high temperatures and densities

We calculate the spectral density of the phi meson in a hot bath of nucleons and pions using a general formalism relating self-energy to the forward scattering amplitude (FSA). In order to describe the low energy FSA, we use experimental data along with a background term. For the high energy FSA, a Regge parameterization is employed. We verify the resulting FSA using dispersion techniques. We find that the position of the peak of the spectral density is slightly shifted from its vacuum position and that its width is considerably increased. The width of the spectral density at a temperature of 150 MeV and at normal nuclear density is more than 90 MeV.Comment: 4 pages, 5 figures, Poster presented at Quark Matter 200

Are Successive Generations Getting Wealthier, and If So, Why?

This paper examines the wealth of successive birth cohorts in the United States using data from the 1989-2001 Surveys of Consumer Finances. We find that older households (those aged 55-64, 65-74 or 75-84) in 2001 had more wealth than households of similar age in 1989, but that the same was not true of younger households. We also find that changes in standard demographic characteristics (marital status, educational attainment, years in the labor force, and health status) can explain most of the divergent trends across age groups. Given the historically large capital gains that accrued during the 1990s, these results raise some intriguing questions about the nature of saving and wealth accumulation during that decade.wealth, macroeconomics, generations, birth cohorts, capital gains

Are There Disparities in Health Information Access Among New Mexico Practitioners? Results of a Study

We designed an exploratory study to find out what information resources are available to New Mexico health care practitioners not currently affiliated with the University of New Mexico. We conducted semi-structured interviews of a purposive sample of physicians, nurse practitioners, nurses, physician assistants, and pharmacists at the location of their practice in all quadrants of the state, including public health clinics. The interview included nine open-ended questions, which were approved by the UNM Human Research Protections Office. Interviews were recorded on an iPad, transcribed, and coded using nVivo (QSR International), a qualitative data coding software package. Fifty-one practitioners particiipated. Their responses indicate that New Mexico pracitioners not affiliated with UNM: are satisfied with their access to information resources to support clinical decision making; are not satisfied with information resources for their patients; would like access to a wider variety of information resources for both clinical information and for their patients.https://digitalrepository.unm.edu/hslic-posters-presentations/1044/thumbnail.jp

Signal-Jamming in a Sequential Auction

In a recurring auction early bids may reveal bidders’ types, which in turn affects bidding in later auctions. Bidders take this into account and may bid in a way that conceals their private information until the last auction is played. The present paper analyzes the equilibrium of a sequence of ?rst-price auctions assuming bidders have stable private values. We show that signal-jamming occurs and explore the dynamics of equilibrium prices