We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel … information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information … contained in the joint dynamics of income, consumption and wealth to quantify the degree of insurance against income risk …

We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population … returns does not arise merely from differences in the allocation of wealth between safe and risky assets: returns are … heterogeneous even within narrow asset classes. Third, returns are positively correlated with wealth: moving from the 10th to the 90 …

. One reason is the existence of an important inter-generational transmission of wealth, to be imputed to motives that are …

the differences in the pattern of wealth accumulation across two countries, Korea and the United States. The model … flows. The results from the calibrated model can quantitatively explain some empirical findings on the profile of wealth and … in wealth accumulation and homeownership patterns. …

This paper offers an explanation for the puzzle of low wealth holdings among a significant fraction of the elderly … wealth holdings are consistent with a rational life-cycle model of saving with uncertain lifetime and borrowing constraint … wealth early. The characteristics of these individuals are derived. The simulation results support that the model can account …

. One reason is the existence of an important inter-generational transmission of wealth, to be imputed to motives that are …

Housing property is the most important position in a household's wealth portfolio. Even though there is strong evidence … paper examines if there is a wealth effect of house prices on savings using household-level longitudinal data from the … interpret this as evidence of a housing wealth effect. …

We provide a systematic analysis of the properties of individual returns to wealth using twelve years ofpopulation data … standard deviation of 8%). Second,heterogeneity in returns does not arise merely from differences in the allocation of wealth … with wealth: moving from the 10th to the 90th percentile of the financial wealth distributionincreases the return by 3 …

We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population … of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are … positively correlated with wealth: moving from the 10th to the 90th percentile of the financial wealth distribution increases the …

This paper examines the composition and distribution of total wealth for a cohort of 51 to 61 year olds from the Health … and Retirement Study (HRS), and the role of pensions in forming retirement wealth. Pension coverage is widespread …, covering two thirds of households and accounting for one quarter of accumulated wealth. Social security benefits account for …