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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 …
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In January 2006, the Dutch government implemented a pension reform that substantially reduced the public pension wealth … between private and public wealth. On the other hand, there is a group of mostly high-wage workers who participate in the tax …-facilitated Life Course Savings Scheme and who increase private savings to fully counter the impact of the drop in public wealth. A …
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We provide levels of, compositions of, and inequalities in household augmented wealth - defined as the sum of net worth … household wealth: about 48% in the United States and 61% in Germany. The higher share in Germany narrows the wealth gap between … Germany, augmented wealth (US$651,000) is only 1.4 times higher. Further, the inclusion of pension wealth in household wealth …
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The gender pay gap not only affects women's financial security during their working lives but also their wealth … available for retirement. This note reveals a large gender wealth gap in Canada among singles near retirement. Using a repeated … national wealth survey from 1999 to 2019, we find an average wealth gap favouring men at ages 45-59 of $56,000 or 16%, and the …
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