Asset Holdings and the Life Cycle
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Empirical studies of the life cycle savings model have tended to rej ect the hypothesis of a "hump-shaped" pattern for the wealth-age profile. In this paper we show, using new data on net worth for 12,734 families, that there is evidence that wealth declines after retirement provided that we control
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美国国家经济研究局创建时间：
1981-01-01
