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 …

on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount … to evaluate the adequacy of retirement savings. We find first that the specification of the model's asset structure … have access only to a risk‐free asset compared to when we account for the fact that much of their wealth is stored in …

-quarter of total household wealth in Europe provides further corroboration for this finding. …In this paper, we analyze the saving motives of European households using micro-data from the Household Finance and …