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explained by differences in family income and demographic characteristics. …
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This article presents evidence on the extent to which households run down their assets after retirement. The authors show that, once corrections are made for several econometric problems, households engage in very little asset decumulation after retirement.
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alternative approach is to use the accounting identity that total household spending is equal to income plus capital gains minus … on income and wealth to other administrative data with information on financial and real estate transactions. Using this … second is a study of the transmission of income shocks to household consumption. …
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