Published 2 years ago

Do the Retired Elderly in Europe Decumulate Their Wealth? The Importance of Bequest Motives, Precautionary Saving, Public Pensions, and Homeownership

Summary by Ground News

Less than half of the retired elderly in Europe are decumulating their wealth. Average wealth accumulation rate of retired elderly is positive though relatively moderate (6.6% over a 3-year period) Findings strongly suggest that the Wealth Decumulation (or Retirement Saving) Puzzle applies in the case of Europe.

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nber.org

Do the Retired Elderly in Europe Decumulate Their Wealth? The Importance of Bequest Motives, Precautionary Saving, Public Pensions, and Homeownership

Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals.

2 years ago

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