on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount … factors for households and compare these estimates of their patience to their replacement rates-the simple measure often used … to evaluate the adequacy of retirement savings. We find first that the specification of the model's asset structure …

In this paper, we analyze the saving motives of European households using micro-data from the Household Finance and …-quarter of total household wealth in Europe provides further corroboration for this finding. … most important saving motive of European households when the proportion of households saving for each motive is used as the …