Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/233345 
Year of Publication: 
2019
Series/Report no.: 
Discussion paper No. 130
Publisher: 
Aboa Centre for Economics (ACE), Turku
Abstract: 
In this paper, the relationship between age and household net worth isexamined. The empirical analysis is based on a time-series of four cross-sections of the Finnish household wealth survey. Two different schemesare employed to identify age, cohort and time effects. Time-of-birth isfound to be an important determinant of asset accumulation. Con-trary to the life-cycle model, net worth increases even after retirementage. The cohort effect is found to follow a concave pattern instead ofincreasing monotonously. However, the accumulation behaviour bothover the life-cycle and across cohorts varies considerably by education.
Subjects: 
wealth
life-cycle
JEL: 
D15
E21
Document Type: 
Working Paper

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