including work, income, and wealth. Surprisingly, individuals at higher risk are less likely to engage in planning activities …

We study life insurance market responses to Covid-19 using unique national administrative data from Israel on purchases … and cancellations of life insurance policies, and an internet survey of Americans' life insurance choices, risk attitudes …, Covid-19 perceptions, and vaccination behavior. We see no evidence that life insurance purchases or cancellations were …

In the USA, the share of household wealth held by the richest 1% increased from 23.5% in 1980 to 41.8% in 2012. This … the economy. This shock can simultaneously match the increase in wealth concentration and the decrease of the saving rate …

States. However, these illiquid, non-market forms of wealth are typically excluded from measures of net worth. To the extent … that these broadly held resources substitute for savings, measures of wealth inequality that do not account for DB pensions … and Social Security may be overstated. This paper develops an alternative, expanded wealth concept, augmenting precise net …

States. However, these illiquid, non-market forms of wealth are typically excluded from measures of net worth. To the extent … that these broadly held resources substitute for savings, measures of wealth inequality that do not account for DB pensions … and Social Security may be overstated. This paper develops an alternative, expanded wealth concept, augmenting precise net …

We analyze the value of insurance when individuals have access to credit markets. Loans allow consumers to smooth … financial shocks over time, decreasing the value of consumption smoothing from insurance. We derive formulas for the value of … insurance that can be taken to data, and show how that value depends on individual characteristics and features of loans. We …

Understanding the drivers of wealth transfers during life is crucial to understanding the intergenerational … transmission of inequality, the optimal design of social insurance, and the efficacy of expansionary fiscal policy. To shed light … on this, we analyse the relationships between giving and receiving significant wealth transfers and experiencing key life …

administrative data from China, we document a substantial increase in inequality of wealth held in risky assets by Chinese households …, 250B RMB through active trading in this period, or 30% of either group's initial equity wealth. In comparison, the return …

Wealth Databook (an annual publication of Credit Suisse Research Institute), has been significantly underestimating both the …

Well known research based on capitalized income tax data shows robust growth in wealth concentration in the late 2000s …. We show that these robust growth estimates rely on an assumption---homogeneous rates of return across the wealth … interest-bearing assets), wealth concentration estimates in 2011 fall from 40.5% to 33.9%. These estimates are consistent in …