We use recently collected retrospective survey data to estimate the displacement effect of
pension wealth on household savings. The third wave of the Survey of Health, Ageing and …

Recent contributions highlighted gender differences in the mental health consequences of
COVID-19 lockdowns. However, their cross-sectional designs cannot differentiate between …

This paper reviews the literature on saving behavior and portfolio choice after retirement and
provides a descriptive analysis of this behavior by Dutch elderly households. Studying …

Relying on comprehensive measures of financial knowledge, we provide evidence of a
strong positive association between financial literacy and net worth, even after controlling for …

Using error‐free data on life‐cycle portfolio allocations of a large sample of Norwegian
households, we document a double adjustment as households age: a rebalancing of the …

Can concern with relative standing, which has been shown to influence consumption and
labor supply, also increase borrowing and the likelihood of financial distress? We find that …

To assess and explain the United States' gender wealth gap, we use the Wisconsin
Longitudinal Study to examine wealth accumulated by a single cohort over 50 years by …

Financial illiteracy is widespread amongst the elderly. Financially illiterate people are more
likely to experience asset loss and outlive their savings after retirement. This paper …

During the past two decades, the personal saving rate in the United States has fallen from
8% to below zero, and the share of GDP that households consume rose by 6 percentage …

We propose and develop a dynamic theory of endogenous preference formation in which
people adopt worldviews that shape their judgments about their experiences. The …