We construct two measures of the current wealth adequacy of older U.S. households using the 1998-2006 waves of the … Health and Retirement Study (HRS). The first is the ratio of comprehensive wealth - defined as net worth plus the expected … value of future income streams - to the wealth that would be needed to generate expected poverty-line income in future years …

Using data from the Health and Retirement Study, we estimate reduced form retirement and wealth equations. The …

or tightening access to mortgages may affect the distribution of household wealth in the country. In a stylised model we … show that the final level of wealth inequality depends on the size of the LTV ratio, housing prices, credit cost and the … strength of a bequest motive; ultimately with no unequivocal effect of LTV ratios on wealth inequality. These trade-offs are …

We provide a systematic analysis of the properties of individual returns to wealth using twenty years of population … percentile. Second, heterogeneity in returns does not arise merely from differences in the allocation of wealth between safe and … risky assets: returns are heterogeneous even within asset classes. Third, returns are positively correlated with wealth …

This paper analyzes the existence of 'wealth effects' derived from net equity (in the form of housing, financial assets …-2017. Overall, wealth effects are found to be relatively large and significant for housing wealth, but less so for other types of … wealth, including stocks. Furthermore, the analysis shows how these estimated marginal propensities to consume (MPC) from …

Wealth in the United States rose and fell precipitously during the first decade of this century for all major ethnic … groups, but the fluctuations in Hispanic wealth were especially extreme. We show that household characteristics and location … sellers in this market, to a loss in wealth far greater than could be predicted based on household characteristics and …

The wealthy hand-to-mouth are households who are poor in liquid wealth (e.g., cash and checking accounts) and rich in … illiquid wealth (e.g., housing and retirement accounts), while the poor hand-to-mouth are poor in both wealth. Data from the … the majority of the hand-to-mouth households in China. Second, they have different wealth portfolios and demographic …

We demonstrate that increased automation has a significant negative impact on distribution of wealth. Households who … are more exposed to industrial robots at work accumulate less wealth and experience greater downward mobility in the … wealth distribution. The negative wealth effects of robots are not merely a consequence of differences in earned incomes or …

We reconcile the large and persistent racial wealth gap with the smaller racial earnings gap, using a general … equilibrium heterogeneous-agents model that matches racial differences in earnings, wealth, bequests, and returns to savings …. Given initial racial wealth inequality in 1962, our model attributes the slow convergence of the racial wealth gap primarily …

wealth across euro area countries that await explanation. This paper focuses on three main factors for the wealth … three factors, in addition to the common household and demographic factors, are relevant for the net wealth accumulation … particular in homeownership rates and house price dynamics, are important for explaining wealth differences across euro area …