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Explaining the wealth holdings of different cohorts : productivity growth and social security

Kapteyn, Arie; Alessie, Rob; Lusardi, Annamaria - 1999

productivity growth and Social Security. The Netherlandsexperienced a steady growth after World War II. At the same time, it also … built up a very extensive welfaresystem. Our empirical findings show that productivity growth goes a long way in explaining … differences inincome across cohorts. Productivity growth and Social Security can explain most, if not all, of thedifferences in …

Persistent link: https://www.econbiz.de/10011302136

Explaining Why so Many People Do Not Save

Lusardi, Annamaria - 2008

There are vast differences in wealth holdings, even among households in similar age groups. In addition, a large percentage of U.S. households arrive close to retirement with little or no wealth. While many explanations can be found to rationalize these facts, approximately thirty percent of...

Persistent link: https://www.econbiz.de/10014124629

Disentangling the Importance of the Precautionary Saving Motive

Kennickell, Arthur B. - 2008

We evaluate the importance of the precautionary saving motive by relying on a direct question about precautionary wealth from the 1995 and 1998 waves of the Survey of Consumer Finances. In this survey, a new question has been designed to elicit the amount of desired precautionary wealth. This...

Persistent link: https://www.econbiz.de/10012773932

Optimal Financial Knowledge and Wealth Inequality

Lusardi, Annamaria - 2015

Using a stochastic life cycle model with endogenous financial knowledge accumulation, we show that financial knowledge is a key determinant of wealth inequality. The mechanism we posit is that financial knowledge enables individuals to better allocate re- sources over their lifetimes in a world...

Persistent link: https://www.econbiz.de/10013025532

Disentangling the Importance of the Precautionary Saving Motive

Kennickell, Arthur B.; Lusardi, Annamaria - 2008

We assess the importance of the precautionary saving motive by relying on a direct question about precautionary wealth from the 1995 and 1998 waves of the Survey of Consumer Finances. In this survey, a new question has been designed to elicit the amount of desired precautionary wealth. This...

Persistent link: https://www.econbiz.de/10014069004

Explaining the wealth holdings of different cohorts : productivity growth and social security

Kapteyn, Arie; Alessie, Rob; Lusardi, Annamaria - 1999

Persistent link: https://www.econbiz.de/10001412136

Explaining the wealth holdings of different cohorts : productivity growth and social security

Kapteyn, Arie; Alessie, Rob; Lusardi, Annamaria - In: European economic review : EER 49 (2005) 5, pp. 1361-1391

Persistent link: https://www.econbiz.de/10002828248

Explaining the Wealth Holdings of Different Cohorts: Productivity Growth and Social Security

Kapteyn, Arie; Alessie, Rob; Lusardi, Annamaria - 1999

Persistent link: https://www.econbiz.de/10010324583

Disentangling the importance of the precautionary saving motive

Kennickell, Arthur; Lusardi, Annamaria - 2005

Persistent link: https://www.econbiz.de/10010298329

Baby boomer retirement security: The roles of planning, financial literacy, and Housing wealth

Lusardi, Annamaria; Mitchell, Olivia S. - 2006

We compare wealth holdings across two cohorts of the Health and Retirement Study: the early Baby Boomers in 2004, and individuals in the same age group in 1992. Levels and patterns of total net worth have changed relatively little over time, though Boomers rely more on housing equity than their...

Persistent link: https://www.econbiz.de/10010298334