Intro -- Title page -- Copyright -- Dedication -- Preface -- Note -- Acknowledgments -- Chapter 1 America's Savings Challenge -- We Don't Save Enough -- The Key Change in America's Retirement Planning Process -- How Financial Innovation Helps -- The Magic of a 15 Percent Savings Rate -- Notes --...

The need for more comprehensive and integrated data on individual well-being is widely recognised. In order to identify better measures of economic performance in a complex economy and thus going Beyond GDP, Stiglitz, Sen and Fitoussi (2009) recommend to consider income, consumption and wealth...

We calibrate a sequence of four nested models to study the dynamics of wealth accumulation. Individuals maximize a utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake - this is not a life-cycle model. A competitive firm produces a...