This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique … information from two household surveys, and by so doing, attempts to assess the relative importance of precautionary saving and … bequest motives in explaining the lower than expected rates of wealth decumulation of the retired elderly. Taken together, our …

Wealth is far from being a homogeneous and monolithic concept. Wealth can be positive or negative (e.g. assets versus … debts), more or less accessible (e.g. bank accounts versus housing wealth), and more or less time-constrained (e.g. cars … versus bonds and mutual funds). These different forms of wealth are likely to influence in different ways the extent to which …

change in SWB is strongly affected by changing within-household levels of wealth even after socio-demographic attributes and …Accumulated wealth, as a store of economic means and consumption potential, is a particularly relevant resource in … between wealth and SWB in two important ways. First, we focus on individuals at mid-life and old age; and second, we examine …