Retirement wealth is often viewed as a great equalizer, offsetting the inequality in standard household net worth. One … Defined Benefit (DB) pension plans and a sharp rise in Defined Contribution (DC) pensions. Using data from the Federal Reserve … Board's Survey of Consumer Finances, I find that retirement wealth (the sum of pension and Social Security wealth) had a …

We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across … individuals and across countries, using a European harmonised wealth survey (HFCS) combined with estimates of pension wealth (OECD …). First, we find significant displacement effects of mandatory pension wealth on non-pension financial wealth at the mean, and …

This paper develops a new combined-wealth measure by augmenting data on net worth from the Survey of Consumer Finances … with estimates of defined benefit (DB) pension and expected Social Security wealth. We use this concept to explore … explore the concentration of wealth. We find evidence of moderate, but rising, shortfalls in retirement preparation. We also …

on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount … have access only to a risk-free asset compared to when we account for the fact that much of their wealth is stored in … higher-return tax-advantaged private pensions and in housing. Second, we find that only the most patient households achieve …

average, LAC's pension systems are subsidized, as they provide pensions above what workers would have obtained by investing … replacement rates (pensions relative to earnings) for low-income workers. Despite this progressivity, in some countries, absolute … much more progressive, but still, because low-income workers do not qualify for minimum pensions, between 50-60% of …