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. The …

.2. Among households age 30 to 70 with a head employed full-time, the ratio of equity assets to total wealth (net worth … plus human wealth) had a mean value of 4.2%.3. The decreases in stock market indexes between 2007 and 2009 had substantial … impacts on the wealth of only a small proportion of working households, with a mean potential loss in wealth due to stock …

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 …

The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the … share of total wealth in a given economy. Thus, aging is not likely to explain a recent surge in this share in some advanced …

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 …

This paper examines the influence of fashion on wealth accumulation in an economy with two groups of agents. Fashion is …-capita consumption habits. It is shown that fashion causes excessive wealth fluctuations in the sense that stronger and more persistent … fashion is more likely to generate limit cycles in wealth. Opposite to intuitive arguments, however, the externality in …

Together, pensions, social security and health insurance account for half of the wealth held by all households in the … Health and Retirement Study (HRS), for 60 percent of total wealth of HRS households who are in the 45th to 55th wealth … percentiles, and even for 48 percent of wealth for those in the 90th and 95th wealth percentiles. The HRS surveys households aged …

. This paper analyses the empirical link between stockholding and housing wealth within this framework. We use the French … wealth survey (Enquête Patrimoine 2004, Insee) that gives us detailed information on households portfolio, socio … find that an increase in the housing to net wealth ratio crowds out stock market investment for a given total financial …

The paper discusses the impact of longevity extension on aggregate wealth accumulation, accounting for changes in …-sensitive preferences. Human impatience is then closely related to mortality rates and aggregate wealth accumulation appears to be much more …

The paper discusses the impact of longevity extension on aggregate wealth accumulation, accounting for changes in …-sensitive preferences. Human impatience is then closely related to mortality rates and aggregate wealth accumulation appears to be much more …