This paper examines the wealth of successive birth cohorts using data from the 1989-2001 Surveys of Consumer Finances …, with two central results. First, older households (aged 55-64, 65-74 or 75-84) in 2001 had more wealth than similarly aged … nature of saving and wealth accumulation during that decade …

wealth. We find that investors with very reasonable amounts of risk aversion may prefer the lifecycle approach, despite the … tendency for aggressive fixed allocation strategies to produce larger expected wealth …

wealth accumulation is to finance future consumption, either their own or that of heirs. The paper concludes that the … simplest model that explains the relevant facts is one in which either consumers regard the accumulation of wealth as an end in … itself, or unspent wealth yields a flow of services (such as power or social status) which have the same practical effect on …

Private wealth holdings are likely to become an increasingly important determinant in the job exit decision of elderly … workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore … (marginal) effect of wealth on the job exit rate. But even with a rich set of regressors the question remains whether there are …

the stock market and make decisions on home-ownership, in an environment with social safety net and the retirement savings … entry cost and variable costs, plays a key role in generating heterogeneous outcome in agent’s wealth accumulation, and … therefore, increases wealth inequality …