Showing 1 - 10 of 1,143
This paper documents the trends in the life-cycle profiles of net worth and housing equity between 1983 and 2004. The net worth of older households significantly increased during the housing boom of recent years. However, net worth grew by more than housing equity, in part because other assets...
Persistent link: https://www.econbiz.de/10012755273
Recession varied with the household's initial wealth. Those who were in the highest wealth deciles typically had a larger share …This paper uses data from the Health and Retirement Study to examine the effects of the Great Recession on the wealth … wealth in 2012 remained 3.6 percent below its 2006 value. This is a modest decline considering the fall in asset values …
Persistent link: https://www.econbiz.de/10013324655
The strong link between health insurance and employment in the United States may cause workers to delay retirement until they become eligible for Medicare at age 65. However, some employers extend health insurance benefits to their retirees, and individuals who are eligible for such retiree...
Persistent link: https://www.econbiz.de/10012905769
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 …
Persistent link: https://www.econbiz.de/10012761766
This paper examines the role of employer provided health insurance in the retirement decisions of dual working couples. The near elderly have high-expected medical expenditures; therefore, availability of health insurance is an important factor in their retirement decisions. We determine if...
Persistent link: https://www.econbiz.de/10013308500
benefits on private savings. The Retirement History Survey combines survey evidence on the wealth of couples in their early … extended life cycle model as a theory of asset accumulation and indicate a substantial substitution of social security wealth … for private wealth accumulation …
Persistent link: https://www.econbiz.de/10013232030
We estimate the level and distribution of global household wealth. The levels of assets and debts for 39 countries are … lacking direct evidence. Data on the pattern of household distribution of wealth are assembled for 20 countries, which … measured using household balance sheet and survey data centred on the year 2000. The determinants of mean financial assets, non …
Persistent link: https://www.econbiz.de/10013154573
median wealth plummeted by 44 percent over years 2007 to 2010. The inequality of net worth, after almost two decades of … in median net worth and the rise in overall wealth inequality over these years are largely traceable to the high leverage … of middle class families and the high share of homes in their portfolio. Mean and median wealth rebounded from 2010 to …
Persistent link: https://www.econbiz.de/10012941966
I use the Survey of Consumer Finances (SCF) to analyze wealth trends from 1983 to 2013. Asset prices plunged between … 2007 and 2010 but then rebounded from 2010 to 2013. Median wealth plummeted by 44 percent over years 2007 to 2010 and … wealth inequality was up sharply. These two movements can be traced to the high leverage of middle class families, the high …
Persistent link: https://www.econbiz.de/10012982014
Median household wealth shot up by 21.2 percent in real terms between 2016 and 2019, as asset prices continued to … rebound. However, 2007 still remains the watershed year, and median wealth was down 20.4 percent relative to 2007, though mean … wealth more than fully recovered. There was a modest remission in wealth inequality, with the share of the top one percent …
Persistent link: https://www.econbiz.de/10014089531