International and national investors are often exposed to real wealth risks, stemming from volatile asset prices and …, price level and futures price and hence real wealth is stochastic. For a risk averse investor, optimal consumption and …

the Netherlands in the period 1995 through 2001, we analyse the impact of wealth, savings, and debt position on job exit …Theoretical models predict a positive impact of the level of individual wealth on the job exit probability. Empirically … this prediction is most likely to be relevant for elderly workers who have accumulated wealth throughout their working life …

through 2001, we analyse the impact of wealth, savings, and debt position on job exit rates. We find evidence for a positive …In the literature theoretical models have appeared that predict a positive impact of the level of individual wealth on … to accumulate wealth throughout their working life and whose residual working life is relatively short. In the …