This contribution analyzes income richness of elder persons in Germany in 2001. Using actual data of the German Wage and Income Tax Statistics, which are particularly suitable for the analysis of high incomes, new richness indices are discussed and new results are presented. It appears that the...

How has the emergence of defined contribution pension plans, such as 401(k)s, affected the financial security of future retirees? We consider this question using a detailed survey of pension formulas in the Survey of Consumer Finances. Our simulations show that average and median pension...

The budgets of a growing number of older Americans are stressed by mounting debt loads as elders struggle to pay for necessities such as groceries, prescription drugs, and urgent home repairs. Debts levels of the elderly have taken a sharp turn for the worse since the early 1990s. Older persons...

The U.S. retirement income system - including employment-based retirement plans, Social Security, individual saving, and post-retirement employment - can be assessed in part by examining the income of the current elderly population (age 65 and older). This paper reviews the latest available data...

Although there has been extensive analysis of the accumulation of retirement assets in the United States, limited research has been done on how quickly Americans use their assets in retirement. This paper examines the cohort that has for the most part reached the normal retirement age (65) for...

The U.S. retirement income system - including employment-based retirement plans, Social Security, individual saving, and post-retirement employment - can be assessed in part by examining the income of the current elderly population (age 65 and older). This paper reviews the latest available data...

This paper uses the most recent data (2004) from the Survey of Consumer Finances (SCF), a triennial survey of family finances by the Federal Reserve Board, as well as historical SCF data, to examine the demographic factors associated with the ownership of individual account retirement plan...

This paper develops a model of the firm's choice between debt denominated in local currency and that denominated in foreign currency in a small open economy characterized by exchange rate risk and hedging possibilities. The model shows that the currency composition of debt and the level of...

The economic crisis of 2008/9 was felt more acutely in Ireland relative to elsewhere and culminated in the international bailout in 2010. Given the economic collapse, Ireland provides an ideal case-study of the link between wealth collapses and movements in variables such as health and...