MARC Record from Library of Congress

LEADER: 02151cam a22003377a 4500
001 2005616379
003 DLC
005 20050127164718.0
007 cr |||||||||||
008 050127s2003 mau sb 000 0 eng
010 $a 2005616379
040 $aDLC$cDLC
043 $an-us---$ae-it---$ae-ne---
050 00 $aHB1
100 1 $aKapteyn, Arie.
245 14 $aThe size and composition of wealth holdings in the United States, Italy, and the Netherlands$h[electronic resource] /$cArie Kapteyn, Constantijn Panis.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2003.
490 1 $aNBER working paper series ;$vworking paper 10182
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/27/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"This paper analyzes retirement saving and portfolio choice in the United States, Italy, and the Netherlands. While these countries enjoy roughly the same standard of living, they vary widely in their institutional organization of retirement income provisions. Building on extensions of the life cycle model, we derive hypotheses on the implications of institutional differences for wealth accumulation and portfolio composition. Examples of implications are that the ratio of net worth and gross wealth should be highest in Italy, that Dutch households should hold the lowest wealth levels at retirement and that the ownership of risky assets should be highest in the U.S. We investigate these and other hypotheses at both the macro and micro level and find that the data are generally consistent with the hypotheses"--National Bureau of Economic Research web site.
650 0 $aWealth$zUnited States.
650 0 $aWealth$zItaly.
650 0 $aWealth$zNetherlands.
700 1 $aPanis, Constantijn W. A.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 10182.
856 40 $uhttp://papers.nber.org/papers/W10182