We find that segments of society who have shorter life expectancy can expect a lower retirement income and lifetime … utility due to the longevity of other groups participating in the same pension scheme. Linking retirement age to average life …

We provide new evidence of forward-looking labor supply responses to changes in pension wealth. We exploit a 2014 … German reform that increased pension wealth for mothers by an average of 4.4% per child born before January 1, 1992. Using … intensive margin responses. Our estimates imply that, on average, an extra euro of pension wealth in a given period reduces …

concerned about its impact on their wealth; yet, while many households know about inflation eroding nominal assets, most are … beliefs about nominal debt and their own real net wealth. These changes in beliefs causally affect actual consumption and … hypothetical debt decisions. Our findings suggest that real wealth mediates the sensitivity of consumption to inflation once …

How can retirement savings be increased? We explore a unique policy change in the context of the German pension system … these letters on the behavior of individuals. We find an increase in tax-deductible private retirement savings and provide …

wealth is difficult to establish due to many potential sources of endogeneity. Utilizing the Household Finance and … wealth position of the household only through homeownership. For the sample of inheritors we find that the local average … reductions in the net holdings of financial and other real wealth of the treated households. …

The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the … first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement … share of total wealth in a given economy. Thus, aging is not likely to explain a recent surge in this share in some advanced …

We use Norwegian administrative panel data on wealth and income between 1993 and 2015 to study lifecycle wealth … capital gains, and save at higher rates. At age 50, the excess wealth of the top 0.1% group relative to mid-wealth households … is accounted for in about equal terms by higher saving rates (34%), higher initial wealth (32%), and higher returns (27 …