The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the … first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement … share of total wealth in a given economy. Thus, aging is not likely to explain a recent surge in this share in some advanced …

In this paper, we attempt to shed light on whether Japanese households are rational or if their behavior is influenced … by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that … Japan's household saving rate showed great volatility, was often low and even negative, and was high only during the 25-year …

Particularly high saving rates among the elderly in both rural and urban China call for an investigation of the … involved bequest motive. Utilizing unique survey data from a diverse group of Chinese households, we document that the … result is the housing wealth as part of the bequest …

How households draw down the balances that they accumulate in retirement saving accounts such as 401(k) plans and … Individual Retirement Accounts can have an important effect on the contribution of these accounts to retirement income security … withdrawals prior to the age at which households are required to take minimum required distributions. Only seven percent of PRA …

How to invest and decumulate wealth during retirement has far-reaching consequences for consumption during retirement … investigate the choice between phased withdrawal plans with varying riskiness resulting in volatile retirement income. We find … that 40% of the participants choose some risk and thus, accept fluctuations in retirement income. Second, we analyze the …

Little previous research on planned retirement ages has analyzed factors related to whether workers say they will never … retire. This issue is important both in financial planning and in assessments of retirement adequacy. Using the 1995, 1998 … categories of planned retirement age. For the 1995 to 2007 SCF datasets, 14% to 16% of workers stated they would never retire …

credit leads to lower savings. The paper highlights that the distinction between the components of households’ wealth … impact of liabilities on households’ holdings of financial assets. The paper uses the new ECB Household Finance and … Consumption Survey from 2009–2010 covering euro area countries. The paper estimates a system of equations for households …

studies treat household liabilities as negative assets and relate households’ decisions to their net wealth. However, the … components of net wealth, i.e. financial liabilities, financial assets and real assets are very heterogeneous across households …. The assumption of similar consumption behaviour among households with the same net wealth but different wealth components …

light on the impact of intergenerational transfers on household wealth disparities and on possible reasons for the … substantial differences in household wealth disparities among the 4 countries. Almost all of the evidence I present suggests that … intergenerational transfers have a disequalizing impact on household wealth disparities and promote the transmission of household wealth …