year. At the upper end of the wealth distribution, however, a substantial number of households could make large annuity … equity and non-annuitized financial assets as "precautionary savings," tending to draw them down only when they experience a …

Social Security benefits for support. Whether persons reach late-life with positive non-annuity wealth depends importantly on … propensities. We also find that poor health is an important determinant of the drawdown of non-annuity wealth …

This paper explores the relationship between education and the evolution of wealth after retirement. Asset growth …

wealth. Moving is often associated with retirement and with precipitating shocks like the death of a spouse or by other … changes in marital status. Median housing wealth increases as the elderly age. Even when the elderly move, housing equity is … transaction cost associated with moving is apparently not the cause for the lack of the reduction in housing wealth as the elderly …

distribution of retirement wealth and the expected utility of wealth at retirement. It considers both rules that allocate a … assets as the worker ages. The analysis simulates retirement wealth using asset returns that are drawn from the historical … return distribution. The results suggest that the distribution of retirement wealth associated with typical lifecycle …

Inequality in wealth among elderly households, and in particular the prevalence of very low wealth holdings, can be an … levels of financial and total wealth using repeated cross-sections of the Health and Retirement Study (HRS) and a small … longitudinal sample of HRS respondents observed both at age 65 and shortly before death. Most of those who report very low wealth …

the overall wealth of the elderly …