This study examines the role of occupational classes in Gender Wealth Gap (GWG). Despite rising interest gender differences wealth, central occupations restricting and enabling its accumulation has been neglected thus far. Drawing on German Socio-Economic Panel, this employs quantile regressions decomposition techniques. It finds explanatory power for wealth gap, which exists despite accounting...

To evaluate the distributional impact of remittances in origin communities, prior research studied how migrants' selectivity by wealth varies with migration prevalence in the community or prior migration experience of the individual. This study considers both patterns; it examines selectivity separately in low- and high-prevalence communities and for first-time and repeat migrants. Based on dat...

Representative agent asset pricing models with habit formation preferences do not generate implications for the behavior of individual agents. To explore these implications , I consider a life cycle model of consumption, savings and portfolio allocation for a household with additive and endogenous habit formation preferences. To solve the model, I characterize analytically the boundary of admis...

he purpose of this paper is to review what economists know at present about the following question: How large a portion of the existing wealth is the result of a bequest motive, that is, of accumulation for the specific purpose of leaving bequests? I will also endeavor to clarify why an answer to this question is of interest. In the early Keynesian period when the study of national saving first...

Lifecycle funds offered by retirement plan providers allocate aggressively to risky asset classes when the employee participants are young and gradually switch to more conservative asset classes as they grow older and approach retirement. This approach focuses on maximizing growth of the accumulation fund in the initial years and preserving its value in the later years. This paper simulates ter...