the Netherlands in the period 1995 through 2001, we analyse the impact of wealth, savings, and debt position on job exit …Theoretical models predict a positive impact of the level of individual wealth on the job exit probability. Empirically … this prediction is most likely to be relevant for elderly workers who have accumulated wealth throughout their working life …

We study the effects of liquidity constraints and start-up costs on the relationship between wealth and the fraction of … entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship … function of individual wealth while the introduction of start-up costs tends to flatten this relationship. The theoretical …

drastically after this point. They also apply a new instrument, changes in house prices, for wealth in the entry equation, and … show that instrumented wealth is not a significant determinant of entry. We reinterpret these findings: first, we …

wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …, an indirect effect arises through the accumulation of wealth. The savings rate does not decrease with age in a monotonic …This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using …

financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined … between loan and deposit rates. The effects of the credit shock tend to be highly persistent even without price rigidities and …

Do wealth shocks affect the health of the elderly in developed countries? The economic literature is skeptical about … such effects which have so far only been found for poor retirees in poor countries. In this paper I show that wealth shocks … experiment that generated considerable gains and losses in the wealth of stock-holding retirees.Using data from the Health and …

We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel … information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk. The …