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's preferences. Thus, households heighten self-insurance by increasing precautionary savings for smoothing consumption and, in turn …, this higher level of savings tends to reduce wealth inequality. Also, regardless of income, women's preferences increase … and Expenditures of Mexico. …
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This paper analyses the relationship between dispositional optimism and stock investments. Data are drawn from the second wave of the Survey of Health, Ageing and Retirement in Europe. Dispositional optimism is found to be a relevant predictor of the ownership of stocks as well as of the share...
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-economic characteristics. When retirement assets are included, the racial but not the ethnic gap in total savings disappears. The results … suggest that reducing disparities in income, education and pension savings would help to reduce wealth inequality. …
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