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We consider the life cycle choices of a household deciding how much to consume and how to allocate spouses time to work …
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In this paper we describe the household wealth distribution in the US and UK, and compare both wealth inequality and … countries, we show that the median US household accumulates more financial wealth than their UK counterpart. We explore a number … the household wealth accumulation process more generally. …
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We consider the life-cycle problem of a household that in each period decides how much to consume and how to allocate … structural parameters provide a full picture regarding the ability of household to smooth marginal utility in response to shocks …
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