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 …

, this higher level of savings tends to reduce wealth inequality. Also, regardless of income, women's preferences increase …'s preferences. Thus, households heighten self-insurance by increasing precautionary savings for smoothing consumption and, in turn …

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 …

We consider the effect of population age distribution in inclusive wealth accounting. Numerical results demonstrate … that the wealth of nations with an aging demographic structure, as well as those with a rapidly increasing working …

) for individuals' wealth accumulation. Using survey data from the German SAVE initiative, we find strong gender- and … education-related differences in the distribution of the two variables and their effects on wealth: As financial literacy rises … become strongly underconfident with higher education, while men remain overconfident. Regarding wealth accumulation, we show …