distribution. I use the estimates to decompose the overall effect of transfers on wealth inequality in the effect of the aggregated … very much in line with the literature, indicating that transfers tend to equalize wealth inequality, despite minor …This paper uses SOEP data to study the distributional effect of intergenerational transfers on the wealth distribution …

inequality in household wealth in all 8 countries. …We use data from the European Household Finance and Consumption Survey in order to examine the distributional effect of … intergenerational wealth transfers on the net worth distribution in 8 European countries and compare it to recent findings for the US …

This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit … reform-induced variation of pension wealth that is related to the number of children but which does not affect the implicit … insurance and find that, on average, the negative employment effect of pension wealth is significant and economically important …

This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit … reform-induced variation of pension wealth that is related to the number of children but which does not affect the implicit … insurance and find that, on average, the negative employment effect of pension wealth is significant and economically important …

Simple life cycle and permanent income hypotheses imply that changes in consumption should be unforecastable. Rational … forward-looking agents ought to smooth consumption over the life cycle and exhaust the asset stock accumulated during the … review of literature focuses particularly on the life cycle issues of consumption behaviour. …

This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment … not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the … life cycle, a tax relief increases consumption on average by about 22% of the tax rebate. A tax increase causes consumption …

How to invest and decumulate wealth during retirement has far-reaching consequences for consumption during retirement …

time-series of four cross-sections of the Finnish household wealth survey. Two different schemesare employed to identify …

a strong association between lifetime earnings and life expectancy at age 65 and show that the longevity gap is … increasing across cohorts. For West German men born 1926-28, the longevity gap between top and bottom decile amounts to about 4 … structure across cohorts, which is consistent with the increasing longevity gap. …