transfers for U.S. savings. Modigliani's paper is the latest salvo in a long running debate over the importance of … intergenerational transfers in explaining savings behavior. While Modigliani corrects an algebraic error of minor consequences in our … important as those raised by Modigilani suggest that our method produces an overestimate of the importance of life cycle wealth …

private savings and about the magnitude of the displacement effect. Using data for 8,279 Canadian households, and estimates of … pension wealth (both private and social security) which we construct for each household in the sample, the estimated …

, but is not causally related to older individuals' wealth holdings. People with higher Alzheimer's Disease polygenic risk … score (PGS) hold roughly 9 percent more wealth in CDs (hands-off assets) and around 11 percent, 15 percent, and 7 percent … less wealth in stocks, IRAs, and other financial assets (hands-on assets) respectively. We explore three hypotheses that …

the model, saving depends on the gap between 'target' and actual wealth, with the target determined by measured credit … supply explains the trend decline in saving, while fluctuations in wealth and consumer-survey-measured unemployment …

In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data … from the "Survey of Italian Households' Income and Wealth," a panel survey of households conducted every two years by the … Bank of Italy. We find that, on average, the retired elderly in Italy are decumulating their wealth (dissaving) but that …

wealth and investment in health. Financial literacy is also correlated with wealth though it appears to be a weaker predictor …

life expectancy related to observable factors such as income, gender, and health have large effects on savings, and that …

institutional differences for wealth accumulation and portfolio composition. Examples of implications are that the ratio of net … worth and gross wealth should be highest in Italy, that Dutch households should hold the lowest wealth levels at retirement …

Why do similar households end up with very different levels of wealth? We show that differences in the attitudes and … spend more time developing financial plans, and that this shift in planning effort is associated with increased wealth. The … why it is associated with wealth accumulation. Part of the answer lies in the very strong relationship we uncover between …

-quarter of aggregate wealth, suggesting a larger role for life-cycle savings than some previous estimates. Despite the smaller … important effect on the savings decisions of recipients. Estimates suggest that past receipts of transfer wealth reduce life …This paper provides new evidence on the decomposition of aggregate household wealth into life-cycle and transfer wealth …