Cobb-Clark, Deborah A.; Kassenboehmer, Sonja C.; … - Rheinisch-Westfälisches Institut für … - 2013
about the controllability of life events and is a key component of self-control. We find that households with an internal …-of-control gap in savings rates is largest among rich households, the gap in wealth accumulation is particularly large for poor … households. Finally, households with an internal reference person and average net worth hold significantly less financial wealth …