Whether higher lifetime income households do save a larger share of their income is one of the longstanding empirical … both individual survey data on wealth holdings and administrative data on earnings histories from the UK to examine this … question. We find evidence of a positive relationship between saving rates (and wealth accumulation) and levels of permanent …

Households face earnings risk which is non-normal and varies by age and over the income distribution. We show that …

from the English Longitudinal Study of Ageing, an optimal level of wealth is calculated for each household. This is … compared to the levels of wealth observed in the data. Our results show that, for those born in the 1940s, the vast majority of … households have wealth levels far greater than necessary to maintain their living standards into and through retirement. …

English couple households born in the 1940s. Here, 'optimal' wealth holdings are those that allow households to enjoy the same … calculate this level of wealth, and compare that with how much wealth households are observed to hold. We find that the majority … of households hold more wealth than our model suggests is optimal and that this would still be true even if housing …

on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount … to evaluate the adequacy of retirement savings. We find first that the specification of the model's asset structure … have access only to a risk‐free asset compared to when we account for the fact that much of their wealth is stored in …

(DC) retirement plans. Retired households need to manage risks and generate income from their savings. We study the … dynamics of retirement wealth and portfolio allocation using the three wealth waves of the Household, Income and Labour …Households in many countries reach retirement with lump sums of financial wealth accumulated in defined contribution …

This paper examines the retirement decisions of Italian households using data from the Survey on Household Income and … Wealth (SHIW) for 2008. The analysis focuses on the adequacy of pension wealth, knowledge of supplementary retirement rules …, the determinants of enrollment decisions and workers' propensity to convert their wealth into an annuity at retirement …

This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique … bequest motives in explaining the lower than expected rates of wealth decumulation of the retired elderly. Taken together, our … expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving …

, this paper analyzes the effects of participation in Riester plans on wealth at different points of the distribution. We … heterogeneity in the effect of Riester participation on wealth. While Riester participation increases total net wealth in the lower …