Is a Bird in Hand Worth More than a Bird in the Bush? Intergenerational Transfers and Savings Behavior
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This paper provides new evidence on the decomposition of aggregate household wealth into life-cycle and transfer wealth. Using the 1998 Survey of Consumer Finances, it finds that transfer wealth accounts for approximately one-fifth to one-quarter of aggregate wealth, suggesting a larger role for
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美国国家经济研究局创建时间：
2002-01-01
