We use SHAW data to assess whether household wealth falls in old age, and what factors affect the shape of the wealth age profile. We find that Italian households fail to run down their financial assets after retirement, but let their total wealth decline past age 60. This fall is largely due to...

This paper investigates the causes of the Italian consumption decline of the early 1990’s by estimating deviations from normal consumption for 1985-94. The paper uses household data from the Survey of Family Budgets (SFB) from ISTAT, a particularly rich but relatively unexplored source...