found in the literature between cognitive ability, and in particular numeracy, and wealth, income constant. We have a number … suggest that causality is more likely to run from pension wealth to pension knowledge, rather than the other way around … forms of wealth. Rather, counting pensions in total wealth, those with more valuable pensions save more for retirement …

in wealth by reducing their consumption by 5 to 7 percent of the wealth decline. For example, if a household's wealth …Since the mid-nineties, the stock market has had an unprecedented impact on the wealth of current and future retirees … consumption with respect to wealth changes ranging from five to seven percent. This implies that households respond to a decline …

This paper explores whether the timing of retirement responds to unexpected changes in wealth. Although the normality … evidence consistent with the theoretical expectations of wealth effects. Difference-in-differences estimates suggest that a $50 …,000 wealth shock would lead to a 1.9 percentage point increase in retirement probability among individuals ages 55 to 60 …

records of the HRS respondents, and publicly available pension plan descriptions — to study pension wealth accumulations among … the recent HRS cohorts. We document the trends in pension wealth over time and across cohorts during a period in which the … economic consequences of the Great Recession were significant. However, given that pension wealth of many respondents were …

spillovers, and the accumulation of wealth in a primarily descriptive manner. Drawing upon human capital theory and following … greater wealth accumulation than individuals who do not enjoy such spillovers from their occupation. Using data from the … tend to have greater financial knowledge and moderate evidence that they also have greater wealth accumulation …

effect of changes in housing wealth on retirement timing. Using cross-MSA variation in house-price movements to identify … wealth effects on retirement timing, we find evidence that such wealth effects are present. According to some specifications … the rate of transition into retirement increases in the presence of positive housing wealth shocks. In addition, we use …

Over 80 percent of households in their 50s are homeowners and housing wealth accounts for over half of total household … wealth for most of these homeowners. The evidence in the literature on whether the elderly are consuming their housing wealth … appears that the elderly are not consuming housing wealth. There are, however, indications that housing wealth may be a form …