utility to differ between households with and without offspring. Our estimates imply a very strong utility of residual wealth …-quarters of aggregate wealth at age 85. More surprisingly, we estimate similar utility of residual wealth for households with and … without offspring. We interpret this as, prima facie, evidence that the utility of residual wealth represents forces beyond an …

wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …, an indirect effect arises through the accumulation of wealth. The savings rate does not decrease with age in a monotonic …This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using …

for rigorous understanding of the main features of such models, including the existence of a target wealth ratio and the …

Households can rely on private savings or on public unemployment insurance to hedge against the risk of becoming …

kink allows me to identify how UI affect the use of private wealth to finance consumption during unemployment spells. Using … lacks buffer savings. This is further emphasized for different subpopulations. Women, couples, and older individuals holds … significantly larger liquid wealth than men and young singles. …

savings, investments and debts by couple members, and how these vary by individual and household characteristics. A particular …