wealth accumulation is to finance future consumption, either their own or that of heirs. The paper concludes that the … simplest model that explains the relevant facts is one in which either consumers regard the accumulation of wealth as an end in … itself, or unspent wealth yields a flow of services (such as power or social status) which have the same practical effect on …

Households hold vastly heterogenous amounts of wealth when they reach retirement, and differences in lifetime earnings … wealth dispersion at retirement, in the context of a rich quantitative model. Modeling voluntary bequests, and realistically … calibrating them, not only generates more wealth dispersion at retirement and reduces the correlation between retirement wealth …

motive, simply because they happen to die at a time when they are holding wealth to provide for their own future consumption … bequests of different sizes to their heirs. Therefore, there is intra-cohort variation in wealth and consumption even if all … distributions for consumption and wealth. The introduction of an actuarially fair social security system reduces steady state …

wealth and investment in health. Financial literacy is also correlated with wealth though it appears to be a weaker predictor …

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 …

year. At the upper end of the wealth distribution, however, a substantial number of households could make large annuity …

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 …