Together, pensions, social security and health insurance account for half of the wealth held by all households in the … Health and Retirement Study (HRS), for 60 percent of total wealth of HRS households who are in the 45th to 55th wealth … percentiles, and even for 48 percent of wealth for those in the 90th and 95th wealth percentiles. The HRS surveys households aged …

is a key determinant of wealth inequality. The mechanism we posit is that financial knowledge enables individuals to … wealth over the life cycle. According to our estimates, from 30 to 40 percent of wealth inequality can be accounted for by …

likely to be substantial heterogeneity in the demand for longevity annuities across the retiree population, depending on …

relatively small reductions in consumption. Indeed, the two tax regimes generate quite similar relative inequality metrics: the … relative consumption inequality ratio under TEE is only four percent higher than in the EET case. Moreover, results indicate …) contributions rather than payouts - alters saving, investment, consumption, and Social Security claiming patterns. We find that …

relatively small reductions in consumption. Indeed, the two tax regimes generate quite similar relative inequality metrics: the … relative consumption inequality ratio under TEE is only four percent higher than in the EET case. Moreover, results indicate …) contributions rather than payouts - alters saving, investment, consumption, and Social Security claiming patterns. We find that …