WorldCat Identities

Kotlikoff, Laurence J.

Works: 222 works in 1,016 publications in 1 language and 20,561 library holdings
Genres: Handbooks, manuals, etc  History 
Roles: Editor
Classifications: HB3505, 332.02400973
Publication Timeline
Publications about  Laurence J Kotlikoff Publications about Laurence J Kotlikoff
Publications by  Laurence J Kotlikoff Publications by Laurence J Kotlikoff
Most widely held works by Laurence J Kotlikoff
The coming generational storm : what you need to know about America's economic future by Laurence J Kotlikoff ( )
31 editions published between 2004 and 2005 in English and held by 4,093 WorldCat member libraries worldwide
"In 2030, as 77 million baby boomers hobble into old age, walkers will outnumber strollers; there will be twice as many retirees as there are today but only 18 percent more workers. How will America handle this demographic overload? How will Social Security and Medicare function with fewer working taxpayers to support these programs? According to Laurence Kotlikoff and Scott Burns, if our government continues on the course it has set, we'll see skyrocketing tax rates, drastically lower retirement and health benefits, high inflation, a rapidly depreciating dollar, unemployment, and political instability. The government has lost its compass, say Kotlikoff and Burns, and the current administration is heading straight into the coming generational storm." "But don't panic. To solve a problem you must first understand it. Kotlikoff and Burns take us on a guided tour of our generational imbalance, first introducing us to the baby boomers - their long retirement years and "the protracted delay in their departure to the next world." Then there's the "fiscal child abuse" that will double the taxes paid by the next generation. There's also the "deficit delusion" of the under-reported national debt. And none of this, they say, will be solved by any of the popularly touted remedies: cutting taxes, technological progress, immigration, foreign investment, or the elimination of wasteful government spending." "So how can the United States avoid this demographic/fiscal collision? Kotlikoff and Burns propose bold new policies, including meaningful reforms of Social Security and Medicare. Their proposals are simple, straightforward, and geared to attract support from both political parties. But just in case our elected officials won't take the political risk to chart a new direction, Kotlikoff and Burns also offer a "life jacket"--Guidelines for individuals to protect their financial health and retirement."--Jacket
The healthcare fix : universal insurance for all Americans by Laurence J Kotlikoff ( Book )
10 editions published in 2007 in English and held by 2,053 WorldCat member libraries worldwide
Proposes a universal health insurance plan for the U.S., in which each American would receive an annual voucher for health insurance, the amount based on his or her current medical condition
Essays on saving, bequests, altruism, and life-cycle planning by Laurence J Kotlikoff ( )
13 editions published between 2000 and 2001 in English and held by 1,248 WorldCat member libraries worldwide
Generational accounting around the world by Alan J Auerbach ( )
20 editions published between 1998 and 2007 in English and held by 1,212 WorldCat member libraries worldwide
Mounting government obligations and aging populations raise very serious concerns about the fiscal burdens left to future generations. Generational accounting, a method of long-term fiscal planning and analysis, directly measures these burdens as well as the costs of lowering them. The volume combines the latest and most extensive country-by-country generational analyses with a comprehensive review of generational accounting's innovative methodology and a devastating critique of conventional deficit accounting
Pensions in the American economy by Laurence J Kotlikoff ( Book )
13 editions published in 1983 in English and Undetermined and held by 854 WorldCat member libraries worldwide
For anyone with an interest in pensions--workers and employers, personnel directors, accountants, actuaries, lawyers, insurance agents, financial analysts, government officials, and social scientists--this book is required reading. Now, without the aid of a pension specialist, anyone can determine how their particular pension plan stacks up against the average. Using virtually all available government sources (including computerized data unavailable in print) and their own extensive surveys, the authors present a comprehensive description of the structural features and financial conditions of U.S. private, state, city, and municipal pension plans. The introductions to the hundreds of tables explain and highlight the information. The picture that emerges of the "typical" plan and its significant variations is crucial to all those with a financial stake in pensions. The reader can compare pension vesting, retirement, and benefit provisions by plan type, plan size, industry, union status, and many more characteristics. With this information, workers can evaluate just how generous their employer is; job applicants can compare fringe benefits of prospective employers; personnel directors can judge their competitive edge. The financial community will find especially interesting the analysis of the unfunded liabilities of private, state, and local pension funds. The investment decisions of private and public pension funds and their return performances are described as well. Government officials and social scientists will find the analysis of pension coverage, the receipt of pension income by the elderly, cost-of-living adjustments, and disability insurance of special importance in evaluating the proper degree of public intervention in the area of old age income support. Pensions in the American Economy is comprehensive and easy to use. Every reader, from small-business owners and civil servants to pension fund specialists, will find in it essential information about this increasingly important part of labor compensation and retirement finances
The clash of generations : saving ourselves, our kids, and our economy by Laurence J Kotlikoff ( Book )
11 editions published between 2012 and 2014 in English and held by 840 WorldCat member libraries worldwide
The United States is bankrupt, flat broke. Thanks to accounting that would make Enron blush, America's insolvency goes far beyond what our leaders are disclosing. The United States is a fiscal basket case, in worse shape than the notoriously bailed-out countries of Greece, Ireland, and others. How did this happen? In The Clash of Generations, experts Laurence Kotlikoff and Scott Burns document our six-decade, off-balance-sheet, unsustainable financing scheme. They explain how we have balanced our longer lives on the backs of our (relatively few) children. At the same time, we've been on a consumption spree, saving and investing less than nothing. And that's not to mention the evisceration of the middle class and a financial system that has proven it can't be trusted. Kotlikoff and Burns outline grassroots strategies for saving ourselves--and especially our children--from what could be a truly catastrophic financial collapse. Kotlikoff and Burns sounded the alarm in their widely acclaimed The Coming Generational Storm, but politicians didn't listen. Now the need for action is even more urgent. It's up to us to demand radical reform of our tax system, our healthcare system, and our Social Security system, and to insist on better paths to investment return than those provided by Wall Street (mis)managers. Kotlikoff and Burns's "Purple Plans" (so called because they will appeal to both Republicans and Democrats) have been endorsed by a who's who of economists and offer a new way forward; and their revolutionary investment strategy for individuals replaces the idea of financial capital with "life decision capital." Of course, we won't be doing all this just for ourselves. We need to fix America's fiscal mess before our kids inherit it
Generational policy by Laurence J Kotlikoff ( )
13 editions published between 2002 and 2004 in English and Undetermined and held by 796 WorldCat member libraries worldwide
Lectures presented at the Universidad Torcuato de Tella in Buenos Aires. Discusses how generational policy works and relates it to Argentina's government policies
Generational accounting : knowing who pays, and when, for what we spend by Laurence J Kotlikoff ( Book )
17 editions published between 1992 and 1993 in English and held by 668 WorldCat member libraries worldwide
What determines savings? by Laurence J Kotlikoff ( Book )
11 editions published in 1989 in English and held by 642 WorldCat member libraries worldwide
What determines savings? The question is timely and important. The U.S. saving rate is less than half of Japan, Germany and other developed countries. This imbalance in saving rates is responsible in the large part for the imbalance in international trade. This book examines an array of key determinants of wealth accumulation, including bequest and precautionary saving motives, the length of retirement, demographics, the tax structure, social security, and insurance institutions
Spend 'til the end : the revolutionary guide to raising your living standard-today and when you retire by Laurence J Kotlikoff ( Book )
1 edition published in 2008 in English and held by 634 WorldCat member libraries worldwide
Introduces the concept of economics-based "consumption smoothing" through which people can maintain their pre-retirement quality of life while saving enough for the future
Jimmy Stewart is dead : ending the world's ongoing financial plague with limited purpose banking by Laurence J Kotlikoff ( Book )
9 editions published between 2010 and 2013 in English and held by 553 WorldCat member libraries worldwide
Discover how the global financial plague is poised to return, and what can be done to stop it. This is not your father's financial system. Jimmy Stewart, the trustworthy, honest banker in the movie, It's a Wonderful Life, is dead . And so is his small-town bank, Bailey Savings & Loan. Instead, we're watching It's a Horrible Mess with Wall Street (aka the Vegas Strip) playing ever larger craps with our economy and our tax dollars. This book, written by one of the world's most respected economist, describes in lively, humorous, simple, but also deadly serious terms the big con underlying the big
Dynamic fiscal policy by Alan J Auerbach ( Book )
20 editions published between 1987 and 1992 in English and Undetermined and held by 536 WorldCat member libraries worldwide
Macroeconomics : an integrated approach by Alan J Auerbach ( Book )
24 editions published between 1993 and 1999 in English and held by 387 WorldCat member libraries worldwide
Opting out of social security and adverse selection by Laurence J Kotlikoff ( )
10 editions published in 1998 in English and held by 282 WorldCat member libraries worldwide
This paper compares two general methods of privatization social security: forced participation in the new privatized system vs. letting people choose between the new system or staying in social security (i.e., opting out). Simulations are performed using a large scale perfect-foresight OLG simulation model that incorporates both intra-generational and inter-generational heterogeneity. The decision of any agent to opt out is endogenous and depends on the opting out decisions of all other agents vis-à-vis factor prices. Various tax bases are considered in financing the transition path, as well as the perceived tax-benefit linkage due to the informational problems inherent in many social security systems. We consider two cases: full and no perception Both methods of privatizing social security lead to large long- run gains for all lifetime income classes despite the intra-generational progressivity of social security, but differ in their short run effects due to adverse selection associated with opting out. Adverse selection is a key reason why many economists oppose opting out and why many plans to privatize social security systems mandate participation. This paper, however, shows this wisdom to be wide of the mark. Opting out is better at protecting the welfare of the initial elderly, even though forced participation protects their real value of social security benefits because opting out continues to collect payroll tax revenue from those who stay with social security. Opting out can mean quicker transition paths by reducing social security wealth faster than forced participation, because many will forfeit their accrued claims as the price of opting out. Yet opting out, along with a decrease in the payroll tax rate is better at shifting the burden to future workers who benefit from privatization
The wage carrot and the pension stick : retirement benefits and labor force participation by Laurence J Kotlikoff ( Book )
5 editions published in 1989 in English and held by 266 WorldCat member libraries worldwide
Privatizing social security in the U.S. comparing the options by Laurence J Kotlikoff ( )
2 editions published in 1998 in English and held by 173 WorldCat member libraries worldwide
Understanding the postwar decline in U.S. saving : a cohort analysis by Jagadeesh Gokhale ( Book )
14 editions published between 1995 and 1996 in English and held by 118 WorldCat member libraries worldwide
Since 1980, the U.S. 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 U.S. national saving. It decomposes postwar changes in U.S. saving into those due to changes in cohort-specific consumption propensities, those due to changes in the intergenerational distribution of resources, those due to changes in government spending on goods and services, and those due to changes in demographics. Our findings are striking. The decline in U.S. saving can be traced to two factors: The redistribution of resources from young and unborn generations with low or zero propensities to consume toward older generations with high consumption propensities, and a significant increase in the consumption propensities of older Americans. Most of the redistribution to the elderly reflects the growth in Social Security, Medicare, and Medicaid benefits. The increase in the elderly's consumption propensities may also reflect government policy, namely the fact that Social Security, Medicare, and Medicaid benefits are paid in the form of annuities and that, in the case of Medicare and Medicaid, the annuities are in-kind and must, therefore, be consumed
The effects of income and wealth on time and money transfers between parents and children by Joseph G Altonji ( Book )
11 editions published between 1995 and 1996 in English and held by 107 WorldCat member libraries worldwide
We use the 1988 PSID to study the effects of income and wealth on transfers of money and time between individuals and their parents as well as the effects of incomes of other relatives on these flows. We relate the relative incomes of parents and parents in-law to transfer amounts given and received by married couples. We also study how the relative incomes of divorced parents influence transfers. We find that money transfers tend to reduce inequality in household incomes and that time transfers are only weakly related to income differences. Richer siblings give more to parents and receive less. Among parents and parents in-law the richer set of parents is more likely to give money and less likely to receive money. The same is true of divorced parents. In contrast to the implications of simple exchange models of transfers, there is little evidence in the cross section or in the analysis using siblings that parental income or wealth raises time transfers from children or that time transfers are exchanged for money transfers. In the cross section and among siblings, the strong negative relationship between time transfers and distance from parents is not associated with a strong negative relationship between distance and money transfers. We discuss the implications of our results for alternative models of transfers
Parental altruism and inter vivos transfers : theory and evidence by Joseph G Altonji ( Book )
13 editions published between 1995 and 1996 in English and held by 107 WorldCat member libraries worldwide
This paper uses PSID data on the extended family to test whether inter vivos transfers from parents to children are motivated by altruism. Specifically, the paper tests whether an increase by one dollar in the income of parents actively making transfers to a child coupled with a one dollar reduction in that child's income results in the parents increasing their transfer to the child by one dollar. This restriction on parental and child transfer-income derivatives is derived for the standard altruism model augmented to include uncertain and liquidity constraints. These additional elements pin down the timing of inter vivos transfers. The paper's method of estimating income-transfer derivatives takes into account unobserved heterogeneity across families in the degree of altruism. The findings strongly reject the altruism hypothesis. Redistributing one dollar from a recipient child to donor parents leads to less than a 13 cent increase in the parents' transfer to the child -- far less than the one dollar increase implied by altruism
Simulating the privatization of Social Security in general equilibrium by Laurence J Kotlikoff ( Book )
9 editions published between 1996 and 1998 in English and held by 104 WorldCat member libraries worldwide
This paper studies the macroeconomic and efficiency effects of privatizing social security. It does so by simulating alternative privatization schemes using the Auerbach-Kotlikoff Dynamic Life-Cycle Model. The simulations indicate three things. First, privatizing social security can generate very major long-run increases in output and living standards. Second the long-run gains from privatization are larger if privatization redistributes resources from initial to future generations, the pure efficiency gains from privatization are also substantial. Efficiency gains refers to the welfare improvement available to future generations after existing generations have been fully compensated for their losses from privatization. The precise size of the efficiency gain depends on the existing tax structure, the linkage between benefits and taxes under the existing social security system, and the method chosen to finance benefits during the transition. Third, at least in the long run, privatizing social security is likely to be progressive in that it improves the well-being of the lifetime poor relative to that of the lifetime rich
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Audience level: 0.43 (from 0.15 for Spend 'til ... to 0.92 for Parental a ...)
Alternative Names
Koflikoff, Lawrence J.
Koflikoff, Lawrence J. 1951-
Kotlikoff, L.
Kotlikoff, L. 1951-
Kotlikoff, L. J. 1951-
Kotlikoff, Larry 1951-
Kotlikoff, Laurence.
Kotlikoff, Laurence 1951-
コトリコフ, ローレンス
English (252)