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• Select A Life-Cycle Model with Individual Volatility Dynamics.

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  A Life-Cycle Model with Individual Volatility Dynamics.

  Author:Marios KarabarbounisFrom:Economic Quarterly (Vol. 106, Issue 4) Peer-Reviewed

  Fall 20203,241 words Article 1340LAlarge literature has studied how the presence of uninsurable labor-income risk affects the patterns of savings and portfolio allocation over the life cycle. For example, workers in risky companies, occupations, or...
• Select Medical Spending, Bequests, and Asset Dynamics around the Time of Death.

  2

  Medical Spending, Bequests, and Asset Dynamics around the Time of Death.

  Authors:John Bailey Jones, Mariacristina De Nardi, Eric French, Rory McGee, and Rachel RodgersFrom:Economic Quarterly (Vol. 106, Issue 4) Peer-Reviewed

  Fall 20206,133 words Article 1340LAlmost 40 percent of U.S. wealth belongs to households whose head is sixty-five or older. (1) These older households tend to run down their wealth more slowly than the rate of decrease implied by a basic life-cycle model...