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 …

This paper analyzes the interaction between intergenerational wealth transmission, human capital investments under … uninsurable labor income risk, and economic growth in a small open overlapping-generations economy with heterogeneous agents. It …

asymmetries of savings out of factor incomes. This generalized model helps to shed new light on a recent debate concerning the … the particular savings hypothesis. However, if savings out of capital income are substantial so that a certain threshold …

asymmetries of savings out of factor incomes. This generalized model helps to shed new light on a recent debate concerning the … the particular savings hypothesis. However, if savings out of capital income are substantial so that a certain threshold …

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 …

for fluctuations in income and out-of-pocket medical expenses, as well as financial wealth sufficient to buffer against … different groups are exposed to economic risk. As the ESI derives from a data-independent conceptual foundation, it can be …

actual wealth, with the target determined by credit conditions and uncertainty. An estimated structural version of the model … suggests that increased credit availability accounts for most of the long-term saving decline, while fluctuations in wealth and …