, bequests, inheritances, inter vivos gifts) and wealth. The main message may be summarized as follows. Empirical evidence on … direction of (1) mixed motives (2) heterogeneity of preferences and (3) importance of retaining control over wealth. These … focus on understanding implications of inequality of inherited wealth: the topic that has been neglected in the past, even …

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 …

considered: total wealth; an annualized measure of AIME; the wealth value of pensions; and a measure of average indexed lifetime …

This paper uses data from the Health and Retirement Study to examine the effects of the Great Recession on the wealth … wealth in 2012 remained 3.6 percent below its 2006 value. This is a modest decline considering the fall in asset values … during the Great Recession. Much of the decline in wealth over the 2006 to 2010 period was cushioned by wealth originating …