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Much of the focus of the UK pensions policy debate over the past decade has been on the adequacy (or otherwise) of private retirement saving. In this paper, we present the first assessment of the optimality of the retirement resources of English couple households born in the 1940s. Here,...
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for and control over the accumulation and use of savings for retirement. …
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's preferences. Thus, households heighten self-insurance by increasing precautionary savings for smoothing consumption and, in turn …, this higher level of savings tends to reduce wealth inequality. Also, regardless of income, women's preferences increase …
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Using data from the Survey of Consumer Finances, this paper updates and extends previous research on the racial wealth gap in the United States. We explore several hypotheses that help explain differential wealth accumulation by racial groups, including the importance of receiving inheritances...
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to evaluate the adequacy of retirement savings. We find first that the specification of the model's asset structure …
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