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 … achieve high replacement rates out of lifetime average income-a more sensible summary measure of preparedness for retirement. …

inequality in per capita income. The level of inequality in Spain is more moderate when total gross household income is analysed … of a decrease in expenditure on consumer durables by low-income households. Wealth inequality exceeds income inequality … early stages of the current recovery. To this end, it first introduces the various dimensions of wage, income, consumption …