| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28329 |
| 来源ID | Working Paper 28329 |
| Wealth Trajectories Across Key Milestones: Longitudinal Evidence from Life-Course Transitions | |
| Gopi Shah Goda; Jialu Liu Streeter | |
| 发表日期 | 2021-01-11 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Wealth varies considerably across the population and changes significantly over the lifecycle. In this paper, we trace out trajectories of wealth across several key life milestones, including marriage, homeownership, childbirth, divorce, disability, health shocks, retirement and widowhood using multiple decades of longitudinal panel data. We estimate both changes over the ten-year period before and after each milestone and assess whether those changes occur gradually or sharply after the milestone. We find evidence of significant long-run increases in wealth associated with homeownership and retirement, and significant long-run reductions in wealth associated with divorce, health shocks, and disability. In general, these changes appear to occur gradually rather than immediately after the milestone. Our results also indicate a large degree of heterogeneity across demographics, socioeconomic status and risk protection from insurance. In particular, those with lower levels of socioeconomic status and those without access to risk protection experience smaller wealth gains (or larger wealth losses) following life-course transitions. These results identify populations and life stages where individuals are most vulnerable to large reductions in wealth. |
| 主题 | Financial Economics ; Health, Education, and Welfare ; Health ; Labor Economics ; Demography and Aging |
| URL | https://www.nber.org/papers/w28329 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586002 |
| 推荐引用方式 GB/T 7714 | Gopi Shah Goda,Jialu Liu Streeter. Wealth Trajectories Across Key Milestones: Longitudinal Evidence from Life-Course Transitions. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28329.pdf（1113KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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