of cross-sections to estimate the age profile of assets is full of pitfalls. For example, if wealth and mortality are … paper examines the effect of differential mortality on cross-sectional estimates of wealth-age profiles. Our approach is to … quantify the dependence of mortality rates on wealth and use these estimates to 'correct' wealth-age profiles for sample …

While financial knowledge is strongly positively related to household wealth, there is also considerable cross … cycle model featuring endogenous financial knowledge accumulation. The model generates substantial wealth inequality, over … wealth accumulation and thus financial knowledge. Our simulations show that endogenous financial knowledge accumulation has …

Using panel data for a sample of households in Utah from 1850 to 1900 we find income and wealth age profiles that are … a relationship between age-income and age-wealth profiles that is consistent with a life-cycle model of consumption … given a concave and peaked age-income profile: households accumulate and then begin to draw down wealth holdings, the age-wealth …

We study the history and geography of wealth accumulation in the US, using newly collected historical property tax …, and financial), making it one of the first "wealth taxes." Drawing on many historical records, we construct long …-run, consistent, high-frequency wealth series at the county, state, and national levels. We first document the long-term evolution of …

healthy life span because compound interest creates a wealth effect when lifespan increases, leading to more leisure (early …

-of-sample wealth levels than estimates using life table mortality risks, suggesting that decisions about consumption and saving are …This paper investigates whether subjective expectations about future mortality affect consumption and bequests motives …. We estimate a dynamic life-cycle model based on subjective survival rates and wealth from the panel dataset Asset and …

differences in their mortality risks. A dynamic optimal stopping-point life cycle model is examined, in which group …-level mortality risk plays an important role in determining individual-level mortality risk, health expenditure,and the amount of … schooling. The model is calibrated to quantify the effect of mortality risks on schooling by taking the black and white male …

misleading results because the mortality distribution of husbands and wives overlap substantially. To illustrate, consider a wife …

choice model which integrates uninsurable labor income and asymmetric mortality expectations. Our model generates optimal …