on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount … have access only to a risk‐free asset compared to when we account for the fact that much of their wealth is stored in …

effect of wealth shocks on household consumption and individual expectations of the future. Many household experienced a … significant wealth shocks, but these shocks led to modest spending effects and small revisions to expectations regarding future … bequests. Expectations of bequests seem particularly tied to housing wealth. …

English couple households born in the 1940s. Here, 'optimal' wealth holdings are those that allow households to enjoy the same … calculate this level of wealth, and compare that with how much wealth households are observed to hold. We find that the majority … of households hold more wealth than our model suggests is optimal and that this would still be true even if housing …

estimate the effect of wealth shocks on household consumption and individual expectations of the future. Many household … experienced a significant wealth shocks, but these shocks led to modest spending effects and small revisions to expectations … regarding future bequests. Expectations of bequests seem particularly tied to housing wealth. …

This letter revisits the question of how wealth shocks influence retirement behaviour, exploiting the dramatic changes … in UK asset prices between 2008 and 2009 as a source of such shocks. We find no evidence that the wealth shocks arising …

English couple households born in the 1940s. Here, 'optimal' wealth holdings are those that allow households to enjoy the same … calculate this level of wealth, and compare that with how much wealth households are observed to hold. We find that the majority … of households hold more wealth than our model suggests is optimal and that this would still be true even if housing …