volume 8, issue 5, P849-885 2002
DOI: 10.1017/s1357321700003986
View full text
D. R. Cooper

Abstract: ABSTRACTThe paper investigates the level and incidence of saving required in order to maintain the standard of living that a household experiences whilst of working age into retirement. In order to do this, a model has been constructed that follows the income and expenditure of a household, allowing for tax and social security, as well as changing family circumstances. The model can be used to explain how a household should save in order to achieve a given standard of living in retirement.The author concludes …

expand abstract