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 …

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 …

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

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 …

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 …

this paper that at all levels of lifetime earnings there is an enormous dispersion in the accumulated wealth of families … extent to which differences in household lifetime financial resources explain the wide dispersion in wealth, given lifetime … consider how much of the dispersion in wealth might be accounted for by different investment choices of savers some more risky …

between five and ten times as large as they are today, and would represent one-half to twice Social Security wealth (depending … 401(k) balances will be three-quarters to two and one-half times Social Security wealth. Moreover, we find that pre …

expenditure for other goods and services, and about 35 percent by reduced taxes. The analysis rests on a savings decision …