-diversified, since they own relatively small amounts of financial wealth and hold a few types of financial assets. Furthermore, risky … likely to invest in financial assets as their income increases, but the share of financial assets in total wealth remains … subdued as household income increases, since at that point real estate wealth becomes dominant. Finally, we discover that …

effect of wealth shocks on household consumption and individual expectations of the future. Many household experienced a … significant wealth shocks, but these shocks led to modest spending effects and small revisions to expectations regarding future … bequests. Expectations of bequests seem particularly tied to housing wealth. …

-quarter of total household wealth in Europe provides further corroboration for this finding. …

on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount … have access only to a risk‐free asset compared to when we account for the fact that much of their wealth is stored in …

We examine the relationship between self-control and household wealth. Building on literature in psychology, we take a … standard representative survey. We find that self-control failure is strongly associated with different household net wealth …

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