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Financial Literacy,Schooling,and Wealth Accumulation
Chile Educational attainment Financial literacy Health and Retirement Study Household wealth accumulation Instrument variable estimates Microeconomics Ordinary least squares Pensions Personality PRIDIT Savings Schooling Self-esteem Social Protection Survey Wealth
2016/3/18
Financial literacy and schooling attainment have been linked to household wealth accumulation. Yet prior findings may be biased due to noisy measures of financial literacy and schooling, as well as un...
The Dynamics of Household Wealth Accumulation in Italy
Italy Household Wealth Accumulation
2015/7/23
We examine the dynamics of wealth accumulation distribution in Italy using data drawn from the
Survey of Household Income and Wealth, a representative survey of the Italian population
conducted by...
Economists have long suggested that higher private pension benefits “crowd out” other sources of household wealth accumulation. We exploit detailed information on pensions and lifetime earnings for ol...
Racial Differences in Patterns of Wealth Accumulation
Racial Differences Patterns Wealth Accumulation
2016/3/4
Making use of PSID data for 1984, 1989, and 1994, we examine race differences in patterns of asset accumulation. Our results indicate, as expected, that inheritances raise the rate of wealth accumulat...