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- 1From:Economic Quarterly (Vol. 106, Issue 4) Peer-ReviewedAlarge 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...
- 2From:Economic Quarterly (Vol. 106, Issue 4) Peer-ReviewedAlmost 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...
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