Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/227939
Authors: 
Jacobs, Lindsay
Llanes, Elizabeth
Moore, Kevin
Thompson, Jeffrey P.
Henriques Volz, Alice
Year of Publication: 
2020
Series/Report no.: 
Working Papers No. 20-4
Abstract: 
This paper develops a new combined-wealth measure by augmenting data on net worth from the Survey of Consumer Finances with estimates of defined benefit (DB) pension and expected Social Security wealth. We use this concept to explore retirement preparation among two groups of households in pre-retirement years (aged 40 through 49 and 50 through 59), and to explore the concentration of wealth. We find evidence of moderate, but rising, shortfalls in retirement preparation. We also show that including DB pension and Social Security wealth results in markedly lower measures of wealth concentration, and it slightly moderates trends toward a higher concentration over time.
Subjects: 
retirement adequacy
wealth inequality
Social Security
JEL: 
D31
D63
H55
I32
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.