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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 …
Persistent link: https://www.econbiz.de/10010266432
research on gender inequality in access to self-employment, the gender gap in pensions, and the emerging topic of a gender gap … in wealth, attempting to highlight the paths between the various facets of gender inequality. Throughout the review, much …
Persistent link: https://www.econbiz.de/10014025339
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 …
Persistent link: https://www.econbiz.de/10012422034
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 …
Persistent link: https://www.econbiz.de/10012156487
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 …
Persistent link: https://www.econbiz.de/10012236417
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 …
Persistent link: https://www.econbiz.de/10012388960
The omission of pension wealth potentially distorts the international comparison of wealth distributions. Private … pension wealth is often included in households’ wealth portfolios, while public pension claims are not. Augmented wealth, the … sum of net worth and pension wealth, resolves this limitation by including the present value of social security pension …
Persistent link: https://www.econbiz.de/10013247516
to 2001, median augmented wealth actually fell over this period. -- Pensions ; Social Security ; Wealth ; Inequality …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 …
Persistent link: https://www.econbiz.de/10003229780
Research on wealth inequality usually focuses on real and financial assets, while pension wealth – the present value of … and, thus, should be accounted for in peoples’ wealth portfolios. Using novel data from the Socio Economic Panel (SOEP …), we show the incidence, relevance, and distribution of individual pension wealth, net worth, and augmented wealth (the sum …
Persistent link: https://www.econbiz.de/10011509132
We provide levels of, compositions of, and inequalities in household augmented wealth - defined as the sum of net worth … and pension wealth - for two countries: the United States and Germany. Pension wealth makes up a considerable portion of … household wealth: about 48% in the United States and 61% in Germany. The higher share in Germany narrows the wealth gap between …
Persistent link: https://www.econbiz.de/10011622210