the scope of future model applications by examining the effects of a stylized Medicare program on patterns of wealth and …

spillovers, and the accumulation of wealth in a primarily descriptive manner. Drawing upon human capital theory and following … greater wealth accumulation than individuals who do not enjoy such spillovers from their occupation. Using data from the … tend to have greater financial knowledge and moderate evidence that they also have greater wealth accumulation …

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 …. Second, most measures of cognitive ability, including numeracy, are not significant determinants of pension and Social …

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 …

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 …

decision. This decision is driven by wealth and substitution effects on labor supply, interacting with a fixed cost of working …

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 …

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 …

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 …