on the sign of the real return on savings. The amount of saving is nondecreasing in initial wealth and the riskiness of … providessubstantial evidence that preferences for wealth are measured relative to a reference point. In this paper weintroduce and solve a … two-period consumption and savings model for a loss-averse agent who measures utilityfrom consumption relative to a …

Private wealth holdings are likely to become an increasingly important determinant in the job exit decision of elderly … workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore … (marginal) effect of wealth on the job exit rate. But even with a rich set of regressors the question remains whether there are …

the Netherlands in the period 1995 through 2001, we analyse the impact of wealth, savings, and debt position on job exit …Theoretical models predict a positive impact of the level of individual wealth on the job exit probability. Empirically … this prediction is most likely to be relevant for elderly workers who have accumulated wealth throughout their working life …