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wealth and investment in health. Financial literacy is also correlated with wealth though it appears to be a weaker predictor …
Persistent link: https://www.econbiz.de/10012857502
known about relative wealth accumulation and the preparation of immigrants for retirement. This paper compares the … available resources. We find that immigrants have less wealth overall, but that they appear to be drawing down resources at a … slower rate. We attempt to make sense of the trends in annualized wealth with the help of a lifecycle framework that …
Persistent link: https://www.econbiz.de/10013012144
The composition, wealth, and employment of male veterans and nonveterans are analyzed for four cohorts from the Health … cohort, the wealth of veterans is no longer higher than the wealth of nonveterans. In contrast, the wealth of veterans from … the youngest cohort, those 51 to 56 in 2010, remains about 10 to 13 percent below the wealth of nonveterans from that …
Persistent link: https://www.econbiz.de/10013012176
Shocks to income and wealth decrease the household's monetary budget available. As a consequence, households respond by … substitutions or complements of time for spending. We use wealth shocks in house values induced by the Great Recession to show the … extent to which households adjusted home production in response to those wealth shocks. We found some adjustment in the …
Persistent link: https://www.econbiz.de/10013029919
in England older households actually accumulate wealth. These differences appear to be driven largely, though not … entirely, by housing wealth: During the period we consider, house price growth drove increases in housing wealth in England … that more than offset the slow drawdown of nonhousing wealth. This suggests the illiquid nature of housing is likely to be …
Persistent link: https://www.econbiz.de/10013001965
decision. This decision is driven by wealth and substitution effects on labor supply, interacting with a fixed cost of working …
Persistent link: https://www.econbiz.de/10012725565
enhance understanding of factors influencing consumption, wealth and health. We develop three primary results when using the … model to explore the effects of stylized versions of Medicare and Social Security on wealth and longevity. First, our model …
Persistent link: https://www.econbiz.de/10013113500
interrelationship between health and wealth and the age of retirement. The decision to retire depends on a number of factors including … features in a computational model of optimal wealth and retirement decisions, solving the model household-by-household using … sizeable responses to the age of retirement but does not affect health outcomes very much. A 20 percent reduction in wealth …
Persistent link: https://www.econbiz.de/10013096629
found in the literature between cognitive ability, and in particular numeracy, and wealth, income constant. We have a number … suggest that causality is more likely to run from pension wealth to pension knowledge, rather than the other way around … forms of wealth. Rather, counting pensions in total wealth, those with more valuable pensions save more for retirement …
Persistent link: https://www.econbiz.de/10013137690
widely used to assess well-being and poverty rates. Yet, because households can use wealth to consume more than income, so an … for the difference is the ability to consume out of wealth …
Persistent link: https://www.econbiz.de/10014220260