We estimate marginal propensities to consume from wealth shocks for Italian households in the early part of the Great … Recession. Large asset price shocks in 2008 underpin an IV estimator. A euro fall in risky financial wealth resulted in cuts in … of total and nondurable spending to changes in housing wealth are 0.2 to 0.3 cents/euro. Point estimates of the effect of …

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 …

estimate the present value of future income streams in calculating measures of comprehensive wealth and an annualized … equivalent. In addition to some significant differences in median annualized wealth between immigrants and natives, the authors … cohorts were at similar ages. With a decomposition analysis, the authors estimate how much of the immigrant-native wealth gap …

Theoretical models predict a positive impact of the level of individual wealth on the job exit probability. Empirically … this prediction is most likely to be relevant for elderly workers who have accumulated wealth throughout their working life … the introduction of more individual freedom of choice in pension schemes. The individual level of wealth will become an …

We use administrative data on Swedish lottery players to estimate the causal impact of wealth on players' own health … assigned. In adults, we find no evidence that wealth impacts mortality or health care utilization, with the possible exception … mortality one sixth as large the cross-sectional gradient. In our intergenerational analyses, we find that wealth increases …

with wealth and the degree of unhealthiness, leading wealthier individuals to consume more healthy and moderately unhealthy … provide an explanation for behavioral differences, and ultimately health outcomes, between wealth groups …

Policy makers responding to COVID-19 need to know people's relative valuation of health over wealth. Loosening and … tightening lockdowns moves a society along a (perceived) health-wealth trade-off and the associated changes have to accord with … the public's relative valuation of health and wealth for maximum compliance. In our survey experiment (N=4,618), we …

We use administrative data on Swedish lottery players to estimate the causal impact of wealth on players' own health … assigned. In adults, we find no evidence that wealth impacts mortality or health care utilization, with the possible exception … mortality one sixth as large the cross-sectional gradient. In our intergenerational analyses, we find that wealth increases …