| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11219 |
| DP11219 Comparing Retirement Wealth Trajectories on Both Sides of the Pond | |
| Eric Baird French; Richard Blundell; Rowena Crawford; Gemma Tetlow | |
| 发表日期 | 2016-04-08 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We use comparable data from the US and England to examine similarities and differences in the level and trajectories of assets among households aged 70 and over. We find that in the US assets on average decline gradually with age, while in England older households actually accumulate wealth. These differences appear to be driven largely, though not entirely, by housing wealth: over the period we consider house price growth drove increases in housing wealth in England that more than offset the slow draw down of non-housing wealth. This suggests the illiquid nature of housing is likely to be an important factor in explaining wealth drawdown at older ages. We also consider the potential importance of bequest motives and savings to insure against the risk of medical and long-term care expenses. |
| 主题 | Public Economics |
| 关键词 | Savings |
| URL | https://cepr.org/publications/dp11219 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540037 |
| 推荐引用方式 GB/T 7714 | Eric Baird French,Richard Blundell,Rowena Crawford,et al. DP11219 Comparing Retirement Wealth Trajectories on Both Sides of the Pond. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
