The Federal Reserve Board's triennial Survey of Consumer Finances (SCF) collects
information about family incomes, net worth, balance sheet components, credit use, and other …

THE RATE of national saving in the United States declined precipitously in the 1980s. From
World War II to 1980 the net saving rate averaged 8 percent of national income; today the …

Most available estimates of US wealth and income concentration indicate that the top shares
are high and have been rising in recent decades, but there is some disagreement about …

Since 1980, the US net national saving rate has averaged less than half the rate observed in
the 1950s and 60s. This paper develops a unique cohort data set to study the decline in US …

Early withdrawals from retirement accounts are a double‐edged sword, because withdrawals
reduce retirement resources, but they also allow individuals to smooth consumption when …

Between 1980 and the early 1990s the variability of labor earnings growth rates across the
prime-age working population fell significantly. This decline and timing are consistent with …

… Gokhale, Kotlikoff, and Sabelhaus construct comprehensive estimates of all expected
government benefits and taxes of the household sector and examine the changes in those …

Aggregate under-reporting of household spending in the Consumer Expenditure Survey (CE)
can result from two fundamental types of measurement errors: higher-income households (…

… We thank Christopher Carroll, Thomas Crossley, and John Sabelhaus who served as
conference organizers and as editors of the volume. Chris, Tom, and John in turn wish to express …

Wealth concentration is high and rising in the US, reigniting an old debate within economics
about the role that intergenerational wealth transmission plays in understanding savings …