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 …

the change in wealth over the period. The goal of this paper is to examine the advantages and difficulties of using this … on income and wealth to other administrative data with information on financial and real estate transactions. Using this …

lifetime resources, on the current consumption and wealth accumulation of employees affected by the reform. In line with … and increases the wealth-income ratio by 0.32. The response is stronger for younger workers and for households where both …

from the English Longitudinal Study of Ageing, an optimal level of wealth is calculated for each household. This is … compared to the levels of wealth observed in the data. Our results show that, for those born in the 1940s, the vast majority of … households have wealth levels far greater than necessary to maintain their living standards into and through retirement. …

generates wealth heterogeneity that matches the empirical data, the improved model can provide a sensible analysis of economic … questions like "What might the consumption response be to economic stimulus payments?" -- Microfoundations ; Wealth Inequality …

lifetime resources, on the current consumption and wealth accumulation of employees affected by the reform. In line with … and increases the wealth-income ratio by 0.32. The response is stronger for younger workers and for households where both …

dynamics. When the model is modified in a way that permits it to match empirical measures of wealth inequality in the U.S., we … how the shock is distributed across categories of households (e.g., low-wealth versus high-wealth households) …

bequeathed wealth will be due to a bequest motive …