The relationship between home ownership of Dutch elderly households and age is strongly negative. Other studies suggest that this age gradient should be attributed to a cohort effect. In this paper, we investigate where those cohort effects come from. We also observe that mortgage ownership...

We use a confirmatory factor analysis to study the relation between the importance of a broad spectrum of saving motives, such as saving for retirement, and saving behavior. Survey data show that many respondents save for retirement in unconventional retirement accounts, such asinvestments in...

We quantify the relative importance of the precautionary saving motive in determining wealth accumulation. Puzzling results have appeared on the relative importance of the precautionary motive when this is derived either using a self reported measure of uncertainty about future income rather...