In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data … from the "Survey of Italian Households' Income and Wealth," a panel survey of households conducted every two years by the … Bank of Italy. We find that, on average, the retired elderly in Italy are decumulating their wealth (dissaving) but that …

-quarter of total household wealth in Europe provides further corroboration for this finding. …

This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique … bequest motives in explaining the lower than expected rates of wealth decumulation of the retired elderly. Taken together, our … expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving …

differences, but inheritance is also widely recognised as playing a major role, especially at the upper end of the wealth range. A …This chapter is concerned with the distribution of personal wealth, which usually refers to the material assets that … on wealth distribution for a number of countries. This confirms the well known fact that wealth is more unequally …

We use Norwegian administrative panel data on wealth and income between 1993 and 2015 to study lifecycle wealth … capital gains, and save at higher rates. At age 50, the excess wealth of the top 0.1% group relative to mid-wealth households … is accounted for in about equal terms by higher saving rates (34%), higher initial wealth (32%), and higher returns (27 …

This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on … developed economies. A key stylized fact is that wealth is less equally distributed than income. Financial assets predominate … among the wealthy, while owner-occupied housing is crucial for middle groups, so higher stock prices raise wealth inequality …

Although older generations have substantially more wealth than their recent predecessors did at the same age, younger … circumstances can rationalise slowing generation-on-generation wealth growth. I find no evidence that later-born generations are less … predicted to have higher consumption, despite accumulating no greater wealth, than their predecessors because their earnings are …