Social Security, Bequests, and the Life Cycle Theory of Saving: Cross-Sectional Tests
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This paper studies the asset holdings of white American men near retirement age. Assets as conventional defined show no tendency to decline with age, in apparent contradiction of the life-cycle theory of saving. However, a broadened concept of assets which includes expected future pension benefits
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美国国家经济研究局创建时间：
1981-01-01
