Social Security and Household Wealth Accumulation: New Microeconometric Evidence

1979 ◽  
Vol 61 (3) ◽  
pp. 361 ◽  
Author(s):  
Martin Feldstein ◽  
Anthony Pellechio
Keyword(s):  
Social Security ◽  
Household Wealth ◽  
Wealth Accumulation

Social Security and Household Wealth Accumulation: Refined Microeconometric Evidence

1993 ◽  
Vol 75 (3) ◽  
pp. 548 ◽  
Author(s):  
Edward T. Gullason ◽  
Bharat R. Kolluri ◽  
Michael J. Panik
Keyword(s):  
Social Security ◽  
Household Wealth ◽  
Wealth Accumulation

scholarly journals Social Security and Household Wealth Accumulation: New Microeconomic Evidence

10.3386/w0206 ◽  
1980 ◽  
Author(s):  
Martin Feldstein ◽  
Anthony Pellechio
Keyword(s):  
Social Security ◽  
Household Wealth ◽  
Wealth Accumulation

Debt, Taxes, and the Effects of 401(k) Plans on Household Wealth Accumulation

1997 ◽  
Author(s):  
Eric M. Engen ◽  
William G. Gale
Keyword(s):  
Household Wealth ◽  
Wealth Accumulation

Pensions and Household Wealth Accumulation

2010 ◽  
Vol 46 (1) ◽  
pp. 203-236 ◽  
Author(s):  
Gary V. Engelhardt ◽  
Anil Kumar
Keyword(s):  
Household Wealth ◽  
Wealth Accumulation

Key methodological issues in the research on household wealth

2019 ◽  
Vol 64 (5) ◽  
pp. 34-47
Author(s):  
Marcin Wroński
Keyword(s):  
Financial Crisis ◽  
Public Policies ◽  
Household Finance ◽  
Household Wealth ◽  
Wealth Accumulation ◽  
Expert Committee ◽  
Methodological Issues ◽  
Policy Makers ◽  
Adequate Representation ◽  
Consumption Survey

The interest of economists and policy makers in collecting data on house-hold wealth has been growing over the last decade (from the beginning of financial crisis in 2008). It has two fundamental reasons: wealth accumulation and growing inequalities as well as formulation of better public policies. The aim of the article is to discuss key methodological issues in the research on household wealth, to present solutions devel-oped by the OECD expert committee applied in the Household Finance and Consumption Survey (HFCS) and to identify areas that require further consideration. Since 2010 signifi-cant progress has been achieved in the measurement of private wealth. Further research on the adequate representation of the richest households in the research sample and concepts of wealth broader than private wealth should be encouraged.

scholarly journals Religious Beliefs And Wealth Accumulation

2012 ◽  
Vol 10 (7) ◽  
pp. 407
Author(s):  
E. Anne York ◽  
Marilyn Dutton
Keyword(s):  
Quantile Regression ◽  
Religious Belief ◽  
Wealth Distribution ◽  
Household Wealth ◽  
Wealth Accumulation ◽  
Font Size ◽  
Net Worth ◽  
The Bible ◽  
Precise Measure ◽  
The Relationship

<span style="font-family: Times New Roman; font-size: small;"> </span><p style="margin: 0in 0.5in 0pt; text-align: justify; mso-pagination: none;" class="MsoNormal"><span style="font-size: 10pt;"><span style="font-family: Times New Roman;">One of the more interesting findings in the research on household wealth is the relationship between religion and wealth accumulation. In contrast to previous studies that use denominational affiliation, we use a more precise measure of religious belief constructed from responses to survey questions regarding interpretation of the Bible.<span style="mso-spacerun: yes;"> </span>Regression results indicate that households with more literalist Biblical beliefs have lower net worth overall.<span style="mso-spacerun: yes;"> </span>Additional analysis using quantile regression reveals that this relationship holds only for the upper half of the wealth distribution.<span style="mso-spacerun: yes;"> </span>There is no relationship at lower levels of wealth.<span style="mso-spacerun: yes;"> </span>Finally, while more literalist households are less likely to have an investment account or to have ever received an inheritance, they are more likely to own a home and to have a positive net worth.</span></span></p><span style="font-family: Times New Roman; font-size: small;"> </span>

Pensions and Household Wealth Accumulation

2011 ◽  
Vol 46 (1) ◽  
pp. 203-236 ◽  
Author(s):  
Gary V. Engelhardt ◽  
Anil Kumar
Keyword(s):  
Household Wealth ◽  
Wealth Accumulation

A People’s Portfolio of the United States

Divested ◽  
2020 ◽  
pp. 137-156
Author(s):  
Ken-Hou Lin ◽  
Megan Tobias Neely
Keyword(s):  
United States ◽  
Wealth Inequality ◽  
The United States ◽  
Household Wealth ◽  
Wealth Accumulation ◽  
Social Scientists ◽  
Distribution Of Wealth ◽  
Baby Boomer Generation ◽  
Social Class Inequality

This chapter focuses on how finance has transformed household wealth—a trend with long-term implications for how social-class inequality becomes entrenched. It first reviews the uneven distribution of wealth in the United States. Wealth inequality has risen since the last quarter of the 20th century. Today, fewer American families have sufficient means to accumulate wealth over time, and the concentration of capital in the hands of a select few has widened the fault line between the richest and the rest. The chapter also examines how the distribution of wealth has changed across generations—more precisely, what social scientists call “cohorts.” That is, wealth for the baby boomer generation differs greatly from wealth among the millennials. Since wealth accumulation develops over the course of a person’s life, families in young adulthood and near retirement are considered.

scholarly journals Augmented wealth in Switzerland: the influence of pension wealth on wealth inequality

2020 ◽  
Vol 156 (1) ◽  
Author(s):  
Ursina Kuhn
Keyword(s):  
Social Security ◽  
Pension System ◽  
Wealth Distribution ◽  
Age Groups ◽  
Wealth Inequality ◽  
Wealth Accumulation ◽  
Net Worth ◽  
Individual Level ◽  
Occupational Pensions ◽  
Pension Wealth

Abstract Entitlements for social security and occupational pensions present a major wealth component and play a central role for financial security. However, most individual-level data lacks information on pension wealth. By linking various data sources, this contribution estimates the present value of future pension entitlements in Switzerland for statutory pensions, occupational pensions and third pillar accounts and analyses the distribution of augmented wealth, which combines pension wealth and net worth. The CH-SILC survey from 2015 is used to estimate real assets, financial assets and pension wealth of retired individuals. The pension entitlements of non-retired individuals are simulated on the basis of their earning history from administrative records following the accrual method and assuming a real discount rate of 2%. When pension wealth is added to net worth, average wealth doubles, and the Gini-coefficient declines by 26%. The equalising effect is particularly strong for social security pensions. The wealth distribution differs strongly between the three pillars of the pension system; there are also strong differences between gender and age groups. In Switzerland, wealth accumulation continues after retirement age.

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