that these broadly held resources substitute for savings, measures of wealth inequality that do not account for DB pensions … States. However, these illiquid, non-market forms of wealth are typically excluded from measures of net worth. To the extent … and Social Security may be overstated. This paper develops an alternative, expanded wealth concept, augmenting precise net …

, particularly African-American males. It includes a microsimulation that estimates the disparity in net Social Security wealth that …

decision. This decision is driven by wealth and substitution effects on labor supply, interacting with a fixed cost of working …

of the income distribution with means tests aimed at those in the top quarter of the wealth distribution. Both means … are both in the top quarter of income recipients and in the top quarter of wealth holders. Another 10.5 percent are top … quarter income recipients, but not top quarter wealth holders; with an additional 10.5 percent top quarter wealth holders, but …

Together, pensions, social security and health insurance account for half of the wealth held by all households in the … Health and Retirement Study (HRS), for 60 percent of total wealth of HRS households who are in the 45th to 55th wealth … percentiles, and even for 48 percent of wealth for those in the 90th to 95th wealth percentiles. The HRS surveys households aged …