Using a lifecycle model of consumption, saving and portfolio choice combined with linked survey and administrative data … on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount … to evaluate the adequacy of retirement savings. We find first that the specification of the model's asset structure …

with respect to wealth holdings and financial decisions. Immigrant household heads hold less net wealth than native, but … only above the median of the wealth distribution, with housing as the main driver. Immigrant status reduces the likelihood … worsened the condition of immigrants in terms of wealth holdings, home ownership, and financial fragility. …

with respect to wealth holdings and financial decisions. Immigrant household heads hold less net wealth than native, but … only above the median of the wealth distribution, with housing as the main driver. Immigrant status reduces the likelihood … worsened the condition of immigrants in terms of wealth holdings, home ownership, and financial fragility. …

We test whether relative risk aversion varies with wealth using the Panel Study of Income Dynamics data in the U.S. Our … analytical results indicate the following implications. For each household, there are two channels through which the risky share … responds to wealth fluctuations, the income channel and the habit channel. For across households, there are heterogeneous …

This chapter is concerned with the distribution of personal wealth, which usually refers to the material assets that … on wealth distribution for a number of countries. This confirms the well known fact that wealth is more unequally … distributed than income, and points to a long term downward trend in wealth inequality over most of the twentieth century. We also …

the stock market and make decisions on home-ownership, in an environment with social safety net and the retirement savings …-ownership, consumption pattern in the cross- section and through life-cycle. We find that the lack of stock market access, proxied by a fixed … entry cost and variable costs, plays a key role in generating heterogeneous outcome in agent’s wealth accumulation, and …

. These results highlight how the heterogeneity in contract design and household wealth affects the monetary policy pass-through … unique panel dataset of household's credit and debit card spending, ATM withdrawals, financial investments into risky assets …, households increase consumption by 2,095 rupees (30 USD) and risky investments by 20,728 rupees (300 USD) after the expiry of …

In fifteen European countries, China, and the US, stocks and business equity as a share of total household assets are … represented by an increasing and convex function of income/wealth. A parsimonious model fitted to the data shows why background …-taking. The poor take low risk because they avoid jeopardizing their subsistence consumption. …

We study the effect on savings of an increase in the capital risk of the investment opportunities when the … individuals with high risk-aversion and time-separable, power utility increase their optimal savings when capital risk increases …

risk associated with a disaster in stock markets should be revealed in household portfolios. That is, the framework that … consumption growth between 1983 and 2004 in the United States. I find that the portfolio choices of households that have less than …