In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data … Bank of Italy. We find that, on average, the retired elderly in Italy are decumulating their wealth (dissaving) but that … retired elderly in Italy are continuing to accumulate wealth and that more than 80 percent are doing positive amounts of …

This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique … information from two household surveys, and by so doing, attempts to assess the relative importance of precautionary saving and … bequest motives in explaining the lower than expected rates of wealth decumulation of the retired elderly. Taken together, our …