correlate with household net wealth (or income). Bond price increases thus leave net wealth inequality largely unchanged. In … wealth inequality. Housing price increases display a hump shaped pattern over the net wealth distribution, with the poorest … from housing price increases. The capital gains from bond price increases (relative to household net wealth) do not …

expectations and planned behavior. Wealth shocks are associated with upward adjustments of expectations about retirement age … experimental evidence that beliefs about the duration of the stock market recovery shape households' expectations about their own … wealth and their planned investment decisions and labor market activity. Our findings shed light on the implications of …

.2. Among households age 30 to 70 with a head employed full-time, the ratio of equity assets to total wealth (net worth … plus human wealth) had a mean value of 4.2%.3. The decreases in stock market indexes between 2007 and 2009 had substantial … impacts on the wealth of only a small proportion of working households, with a mean potential loss in wealth due to stock …

financial behavior. We find that private consumption is excessively sensitive to dividend income. Investors across wealth …

discuss the implications of these findings for several strands of the wealth inequality debate …We provide a systematic analysis of the properties of individual returns to wealth using twenty years of population … percentile. Second, heterogeneity in returns does not arise merely from differences in the allocation of wealth between safe and …

theimplications of these findings for several strands of the wealth inequality debate …We provide a systematic analysis of the properties of individual returns to wealth using twelve years ofpopulation data … standard deviation of 8%). Second,heterogeneity in returns does not arise merely from differences in the allocation of wealth …

implications of these findings for several strands of the wealth inequality debate …We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population … of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are …

Managing retirement wealth is one of the major financial decisions that individuals face. In this setting, I document a … assigned to returns two years before the decision date. Several explanations can account for these findings: wealth effects … retirement wealth if, for example, individuals annuitize too early because of a market drop …

explanations (e.g., wealth effects), we present evidence supporting naive beliefs and extrapolation from past returns. The effect … recent information. Our results provide insights into how beliefs are formed in old age and have implications for the design …

similar way. Several explanations can account for these findings: wealth effects generated by movements of the stock market …