OBJECTIVES This study examines the wealth holdings of recent widows, how they compare to those of married couple households, and the potential to use this wealth to augment the incomes of widowed women. METHODS Data from the Survey of Income and Program Participation are used to investigate the amount and composition of wealth held by four different groups: always married women, about-to-be-w...

This paper uses the Panel Study of Income Dynamics to provide some of the first direct evidence that wealth is systematically higher for consumers with predictably greater income uncertainty. However, the apparent pattern of precautionary wealth is not consistent with a standard parameterization of the life cycle model in which consumers are patient enough to begin saving for retirement early i...

Those who study the racial wealth gap are in a bind. Although the Life Cycle Hypothesis (LCH) serves as an effective framework to understand the wealth gap, it is itself incapable of explaining a key question: why the racial wealth gap is so much larger than the racial income gap. This paper introduces the Wealth Privilege (WP) model as an alternative vehicle to ground future analysis. Unlike t...

introduction: in recent years the development of small cities and including through promoting of villages to city as one of the main policies to improve quality of life in rural areas were considered in iran and according this during recent decades a large number of villages have been changed to city. while urbanization in developing countries have been many problems such as lack of housing and...

The personal income distribution in China was studied by employing the data from China Household Income Projects (CHIP) between 1990 and 2002. It was observed that the low and middle income regions could be described by the log-normal law, while the large income region could bewell fitted by the power law. To characterize these empirical findings, a stochastic interactive model with mean-field ...