The Evolution of Retirement Wealth

Devlin-Foltz, Sebastian; Henriques, Alice M.; Sabelhaus, John

doi:10.17016/feds.2015.009

Cited by 7 publications

(2 citation statements)

References 26 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Their characteristics seem the most significant while analysing the financial situation and behaviours, including saving, of households. Analysing the financial situation and the management of household budgets by studying the characteristics of a household head has been used in numerous studies worldwide (Lusardi & Mitchell, 2008;Devlin-Foltz, Henriques & Sabelhaus, 2015;Corneo, Schrӧder & Kӧnig, 2015;Rhee & Boivie, 2015).…”

Section: Introductionmentioning

confidence: 99%

Income and Social Determinants of Old-Age Savings: Evidence from Poland

Pieńkowska-Kamieniecka¹,

Walczak²,

Bera³

2019

AJIS

View full text Add to dashboard Cite

The aim of the article is to determine the impact of social determinants on saving for old age with regards to income. The study presents two models of logistic regression. The first one includes only social determinants of family members among independent variables, while the second one includes also income. The results of logistic regression in the model excluding income showed that such variables as gender, age, years of education, place of residence or number of household members have a significant impact on saving for old age. Moreover, another conclusion drawn from the results is that after including income in the model (which turned out to be statistically significant) almost all social determinants remain significant. Therefore, income is a significant variable which affects the odds ratio of owning old-age savings by a household, so financial determinants are important, when we want to study the level of savings. The research presented in the article comes from the representative nationwide study the Social Diagnosis which was conducted among 11,740 households in Poland in 2015.

show abstract

Section: Introductionmentioning

confidence: 99%

Income and Social Determinants of Old-Age Savings: Evidence from Poland

Pieńkowska-Kamieniecka¹,

Walczak²,

Bera³

2019

AJIS

View full text Add to dashboard Cite

show abstract

“…See Devlin‐Foltz, Henriques and Sabelhaus () for more details on the evolution of retirement wealth.…”

mentioning

confidence: 99%

Changes in the Distribution of After‐Tax Wealth in the US: Has Income Tax Policy Increased Wealth Inequality?

Looney

Moore

2016

Fiscal Studies

View full text Add to dashboard Cite

A substantial share of the wealth of Americans is held in tax‐deferred form such as in retirement accounts or as unrealised capital gains. Most data and statistics on assets and wealth are reported on a pre‐tax basis, but pre‐tax values include an implicit tax liability and may not provide as accurate a measure of the financial position or material well‐being of families. In this paper, we describe the distribution of tax‐deferred assets in the Survey of Consumer Finances (SCF) from 1989 to 2013, provide new estimates of the income tax liabilities implicit in those assets, and present new statistics on the level and distribution of after‐tax net worth. The results of our analysis suggest that, relative to published statistics on pre‐tax net worth, the distribution of after‐tax wealth is slightly less concentrated in the early years of our sample period, but the effectiveness of the income tax system in reducing wealth inequality has decreased during the last decade. We find the reduction in the long‐term capital gains rate is the primary reason for the muted effectiveness of the current income tax system in reducing wealth inequality.

show abstract

Retirement plan wealth inequality: measurement and trends

Ghilarducci

Radpour

Webb

2020

Journal of Pension Economics and Finance

View full text Add to dashboard Cite

Using Health and Retirement Study data linked to summary plan descriptions and W-2s, this study reports trends in retirement wealth inequality of older employees 1992–2010. The study identifies and corrects methodological flaws in past research. Retirement wealth is highly unequally distributed; the top lifetime earnings quintile holds half of all retirement wealth, the bottom quintile, only 1%. The top earnings quintile fared better in 2010 than in 1992, whereas bottom-quintile earners fared worse. But retirement wealth inequality mainly reflects inequality within earnings quintiles, resulting from inadequate savings, not outsize accumulations. Systemic flaws reduce median retirement wealth by 84%

show abstract

The Evolution of Retirement Wealth

Cited by 7 publications

References 26 publications

Income and Social Determinants of Old-Age Savings: Evidence from Poland

Income and Social Determinants of Old-Age Savings: Evidence from Poland

Changes in the Distribution of After‐Tax Wealth in the US: Has Income Tax Policy Increased Wealth Inequality?

Retirement plan wealth inequality: measurement and trends

Contact Info

Product

Resources

About