effect of wealth shocks on household consumption and individual expectations of the future. Many household experienced a … significant wealth shocks, but these shocks led to modest spending effects and small revisions to expectations regarding future … bequests. Expectations of bequests seem particularly tied to housing wealth. …

English couple households born in the 1940s. Here, 'optimal' wealth holdings are those that allow households to enjoy the same … calculate this level of wealth, and compare that with how much wealth households are observed to hold. We find that the majority … of households hold more wealth than our model suggests is optimal and that this would still be true even if housing …

This letter revisits the question of how wealth shocks influence retirement behaviour, exploiting the dramatic changes … in UK asset prices between 2008 and 2009 as a source of such shocks. We find no evidence that the wealth shocks arising …

This paper produces new evidence and stylised facts on housing, wealth accumulation and wealth distribution, relying on … an in-depth analysis of micro-based data on household wealth across OECD countries. The analysis addresses several …-economic characteristics such as income, wealth and age? What is the weight of housing in households’ balance sheets and how does this vary …

in wealth, attempting to highlight the paths between the various facets of gender inequality. Throughout the review, much …

We investigate wealth returns on an administrative panel containing the disaggregated balance sheets of Swedish … residents. The expected return on household net wealth increases with net worth, exceeding the risk-free rate by 9% for … households in the top 0.01%. The expected wealth return is driven by systematic risk-taking and exhibits strong persistence …

from the English Longitudinal Study of Ageing, an optimal level of wealth is calculated for each household. This is … compared to the levels of wealth observed in the data. Our results show that, for those born in the 1940s, the vast majority of … households have wealth levels far greater than necessary to maintain their living standards into and through retirement. …

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 …

wealth. Its results support the hypothesis that wealth accumulation is a luxury good, by showing that the marginal utility … from wealth declines more slowly than that from consumption. …