We study retirement and bank account participation for the universe of U.S. households with a member aged 50 to 59 in the administrative tax data. ZCTA-level average income, income inequality, and racial composition predict retirement account participation for low-income households, conditional...

Der Begriff »Best Ager« wird für die Alterskohorte der 50- bis 70-Jährigen verwendet. Sie gehören zu den geburtenstarken Jahrgängen und stellen mit über 30 Millionen Menschen die größte Alterskohorte in Deutschland dar. Da sie in der Regel über ein hohes Wohlstandsniveau verfügen,...

It is generally agreed upon that most individuals who acquire a college degree do so in their early 20s. Despite this consensus, we show that in the US from the 1930 birth cohort onwards a large fraction - around 20% - of college graduates obtained their degree after age 30. We explore the...

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 retirement preparation among two groups of households in...

This paper develops a new combined wealth measure using data from the Survey of Consumer Finances, by augmenting data on net worth with estimates of defined benefit (DB) pension wealth and expected Social Security wealth. We use this combined wealth concept to explore retirement preparation...